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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
March 29, 2021
9:50 AM