MinhT1
Expert Alumni

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:

  1. After you have entered all your forms 1099-R, on the summary page Review your 1099-R Info, click Continue
  2. Follow the interview until you arrive at the page titled Did you use your IRA to pay for any of these expenses?
  3. Enter the amount of your distribution the box next to Equal Periodic Payments and click Continue
  4. Your early withdrawal penalty will be waived.
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