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IRS allows for a $5k IRA withdrawal w/out penalty w/in one year of the birth of a child. I don't see where TT recognizes this exemption when filling out 1099-R info.
Child born December 2019. Took withdrawal in early 2020.
When filling out 1099-R information, Turbotax does not provide this in the list of "uncommon situations".
When filling out 1099-R information, Turbotax does not provide this in the list of "uncommon situations".
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‎January 17, 2021
11:32 AM