@hbchadley wrote:
I had changed jobs in last quarter 2019 and was between 57 at the time - I received 1099r for outstanding loan in first quarter last year. Will TurboTax recognize my age +55 and I left a job when I enter a 1099r with a L1 for code distribution?
It should have a code L2, the "2" indicating you separated from service at or after age 55.
I have not tested Turbotax for this situation, but there should be a list of questions whenever you enter a distribution with code 1, asking about various exceptions that apply to the penalty.
