MarilynG1
Employee Tax Expert

Retirement tax questions

If you used TurboTax previously without a penalty on your 401K distribution, you may have answered a question differently when entering your 1099-R this year.  There has not been a change to early retirement penalty exceptions.  Separation from service if age requirements are met is one of them. 

 

If you imported your 1099-R, go back and delete it and then enter it manually.

 

 

 

 

 

 

 

 

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