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Retirement tax questions
If the Form 1099-R has code 2 in box 7, the distribution is already not subject to any early-distribution penalty so there is no need to claim the penalty exception for using the money to pay qualified education expenses. Because there ne no need, TurboTax does not offer the option to claim any penalty exception.
‎April 10, 2021
8:54 AM
7,318 Views