That would mean you didn't have any taxable income from the IRA distribution, as the penalty would be assessed on the taxable portion of the distribution. You can look on line 4(b) of your Form 1040 to see if any of your distribution is showing as taxable. Also, when I tried to go back in to trouble shoot, again I couldn't get the penalty abatement screen to populate. I had to start a new return to get it to work for some reason.
To view your form 1040 and schedule 1 to 3:
- Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
- Choose Tools
- Choose View Tax Summary
- See the Preview my 1040 option in the left menu bar and click on it
- Choose the Back option in the left menu bar when you are done
If you had a penalty for early withdrawal of IRA funds, it would show on line 8 on Part II of Schedule 2.
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