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Get your taxes done using TurboTax
You have not told us how old you are -- if you are younger than 59 1/2 there is a 10% early withdrawal penalty as well as ordinary income tax on the distribution from the retirement account. They will send you a 1099R in late January or early February, which must be entered on your tax return.
Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎July 20, 2023
9:04 PM