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Deductions & credits
There is no exemption on the Form 1099-R Form for this exemption. The exemption will be on the screen following the 1099-R input screen where you indicate the IRA is not subject to an early withdrawal penalty.
You are correct, the Secure Act First Time Parent Early Retirement Withdrawal Penalty Exemption pre-dated the CARES and coronavirus pandemic.
March 23, 2021
10:02 AM