mrohling
Returning Member

Get your taxes done using TurboTax

ok. I talked to Fidelity and they told me the 1099-R is correct with a $7K distribution and since I'm under 59 1/2 they have to put in $7,000 in the taxable amount with a code 1 in box 7.  He said I need to use form 5498 along with the 1099R to give to my accountant to show the IRS what I did so a penalty is not calculated.   Any thoughts on that on how to represent that in turbotax?

 

thanks