MarilynG1
Expert Alumni

Retirement tax questions

The Early Distribution Penalty would be associated with your 1099-R Distribution.  Depending on the Code in Box 7, this may not apply to you.  If it did, you would be advised in the screens following your 1099-R entry. 

 

What screen are you looking at for 'What type of investment did you sell?'.  In the 1099-B entry area, you enter your own description, which is usually something like '100 shs XYZ Company' which should be on Box 1a of your 1099-B.  Choose 'Stocks, Bonds, Mutual Funds..' in TurboTax Online and No to 'Employee Stock'.  The trickiest part for you is adjusting the Cost Basis on your 1099-B. 

 

Here's more info on How to Enter 1099-B

 

 

 

 

@jaems1964 

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