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Retirement tax questions
If you have qualified education expenses, your early IRA distribution is exempted from the 10% penalty up to the amount of these expenses.
Please read this TurboTax Help topic.
In TurboTax, please follow these steps:
- After you have entered all your forms 1099-R, on the summary page Review your 1099-R Info, click Continue
- Follow the interview until you arrive at the page titled Did you use your IRA to pay for any of these expenses?
- Enter the amount of your education expenses in the box next to Higher education and click Continue
- Your early withdrawal penalty will be waived.
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‎January 26, 2022
5:29 AM