DanaB27
Expert Alumni

Retirement tax questions

Yes, you can enter half the amount under “Other Reasons” on the “These Situations May Lower Your Tax Bill” screen as Tax Expert DianeW777 mentioned. This would create Form 5329 and show that half of the distribution amount meets the penalty exception. After you enter all your Form 1099-R click "Continue" to get to the “These Situations May Lower Your Tax Bill” screen.

 

@cheleedo

 

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