- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Rule of 55 exception to the 10% Additional Tax penalty for early withdrawals from 401(k)
I left the company in 2021, at age 57, and I took a withdrawal from my 401(k) in 2022. I imported the information from Fidelity (the 401(k) management company).
I cannot see how this withdrawal is treated in TurboTax to confirm that it is NOT subject to the 10% Additional Tax penalty. I looked at form 5329, but didn't see anything about this withdrawal on that form.
How can I confirm that this withdrawal (before age 59 1/2) is treated properly in TurboTax and not subject to the 10% Additional Tax penalty?
(and... thank you for your help!)
‎October 5, 2023
12:56 PM