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Retirement tax questions
@kyleodell33 wrote:
The code is L1. It was a loan on the 401k that we did not pay back when my wife stopped working.
After entering the Form 1099-R and going through all the questions you will land on a screen that states These Situations May Lower Your Tax Bill, enter the amount of the distribution in the box labeled Other Reason
The 10% early withdrawal penalty will be removed.
March 6, 2021
9:12 AM