DawnC
Employee Tax Expert

Retirement tax questions

Enter your 1099-R exactly as it appears.   After you enter all of your 1099-R forms, you will be asked follow-up questions about those distributions.   It is in the follow-up questions where you will indicate the exception.   Distributions up to $5,000 per child for qualified birth or adoption expenses will not incur the 10% penalty.   IRS exceptions to tax on early distributions

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