dmertz
Level 15

Retirement tax questions

Click the Continue button on the page that lists the Form 1099-R that you entered.  TurboTax will offer the opportunity to claim the exception for a series of substantially equal periodic payments.  Enter the amount in the box labeled for such payments and TurboTax will include this amount on line 2 of Form 5329 with the code 02 exception, eliminating the penalty on this amount.

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