MarilynG1
Expert Alumni

Retirement tax questions

Yes, with Code 1 in Box 7 of your 1099-R you should have follow-up screens about Early Withdrawal following your 1099-R entry, and later after 'disaster' question, about a Penalty Exception (unless you are over 59-1/2).  Screens below is what I'm seeing in TurboTax Online. 

 

For your 1099-B, pick 'Stock (non-employee)', but since you will have neither a Gain or Loss, this doesn't affect your tax return. 

 

@jaems1964 

 

 

 

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