LinaJ2020
Expert Alumni

Retirement tax questions

Here are the steps:

 

In TurboTax online,

  • Sign in to your TurboTax account and select Pick up where you left off
  • At the right upper corner, in the search box, type in "1099r" and Enter
  • Select Jump to 1099r
  • Follow prompts
  • On screen, These Situations May Lower Your Tax Bill, under Other Reason, enter the amount 
  • Continue to proceed.

Per IRS, after December 31, 2019, a qualified birth or adoption distribution made from an eligible retirement plans is not subject to the 10% additional tax on early distributions.  For more information, click here: 

 

https://www.irs.gov/publications/p571

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