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Retirement tax questions
In TurboTax, you can indicate that you are taking equal periodic payments to avoid the 10% penalty.
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 distribution the box next to Equal Periodic Payments and click Continue
- Your early withdrawal penalty will be waived.
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March 21, 2022
2:34 PM