KamC
New Member

72t SEPP distribution

I started taking an annual distribution from my IRA under 72t in 2024.  I sent Fidelity the forms to take such a distribution.

 

When I import the files into TurboTax, it shows I owe the 10% penalty.  How do I correct this?  It doesn't specify that it is a 72t distribution, other than changing the code to 2 (line 7 from 1099R), which I am sure I shouldn't change. 

 

Thanks