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I took withdrawals from two 401k for qualified Covid purposes. I am being charged the 10% penalty for the Roth 401(k) draw and was not asked by TT if it was for C19.
The taxable withdrawal was for $7,491 and the penalty tax is $749. The 1099-R withdrawal code was B1, different from the other withdrawal I made where the penalty tax was not charged. How do I get the TT system to remove the penalty tax?
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March 5, 2021
11:34 AM