If you take money out of a retirement account before age 59 1/2 you are subject to the 10% early withdrawal penalty. Fluctuations in the market do not waive that penalty. Enter your 1099R into the software.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
