dmertz
Level 15

Retirement tax questions

@toddlabhart , you sort of answered your own question.  For code 1, TurboTax will prompt you enter amounts that are exempt from the early-distribution penalty for particular reasons.  For an amount that you indicate was received as a series of substantially equal periodic payments, TurboTax will put the amount on Form 5329 line 2 with code 02.