- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 3, 2023
2:19 PM