Form 1040 4a and 4b
To preview Form 1040:
- Click on "Tax Tools" in the left menu
- Click "Tools"
- Click "View Tax Summary" in the Tool Center window
- Click on "Preview my 1040" on the left
Yes, you will both enter codes 1 and P since you didn't have any earnings you do not have to worry about the 10% early withdrawal penalty.
If you had earnings you would enter the exception for the person over 59 1/2 (the person under 59 1/2 would have to pay the 10% penalty on the earnings):
- Click on the "Search" on the top and type “1099-R”
- Click on “Jump to 1099-R” and enter your 1099-R
- Click "continue" after all 1099-R are entered and answer all the questions.
- Continue until "Did you use your IRA to pay for any of these expenses?" screen and enter the amount under "Another reason".
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