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Retirement tax questions
Please make sure you answer all you the follow up questions in TurboTax after you entered your 1099-R.
- Open your return
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- Click "Continue" and enter the information from your 1099-R
- On the "Your 1099-R Entries" screen click "continue"
- Continue answering question until the "Any Roth IRA Conversion" and answer all questions carefully.
TurboTax will then calculate the 10% early withdrawal penalty
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March 16, 2021
9:02 AM
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