dmertz
Level 15

Retirement tax questions

In box 7 of TurboTax's 1099-R form select whichever code is in box 7 of the Form 1099-R provided by the payer.

 

When you enter a Form 1099-R that has code 2 in box 7, the "extra taxes" TurboTax refers to is the 10% early-distribution penalty that would otherwise apply.