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Retirement tax questions
As Opus 17 indicated, when TurboTax asks if any of the particular exceptions apply, enter the amount of this distribution as being eligible for the age-55 exception. TurboTax will include this amount on Form 5329 line 2 with exception code 01 (not to be confused the the code 1 in box 7 of the Form 1099-R).
March 30, 2021
1:28 PM