@Katie_B
Just an FYI: Here's the text I posted in my email about that on 1/9/2021. No indication in my SENT box that it bounced.
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"Moderators.:
Review the following discussion:
https://ttlc.intuit.com/community/retirement/discussion/re-the-10-early-withdraw-rule-doesn-t-apply-...
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THE Online 2020 software (Premier in my case) is treating a military (non-qualified) 1099-R, code 7 as being subject to penalty.
….BUT only in the tax year they turn 59.5. None of it should be penalized.
IF the same person is (say) 56, with the same 1099-R…no penalty is assigned.
Desktop 2020 Premier software appears to treat it properly…no penalty.
Steamtrain"
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
