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Retirement tax questions
If you take an early distributions from an IRA (traditional or Roth) before reaching age 59 1/2, you may get an exception to the 10% penalty if the money is used form Qualified higher education expenses.
Enter your 1099-R. Click here for instructions.
- After you enter your 1099-R, continue with the onscreen interview until you get to the Did your use your IRA to pay for any of these expenses? screen.
- Scroll down to Higher education and enter the amount.
- Continue with the onscreen interview until complete.
Source: TurboTax FAQ
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‎April 10, 2020
1:29 PM