Retirement tax questions


@tylergunderson45 wrote:

Ok that is what I thought but when I entered the 1099-R it doesn’t have a birth exception within any of the questions it asks after. So it decreased my return by more than 10%. Does it ask more questions later?


Be aware that a withdrawal is only penalty-free if it is after the birth of the child (up to one year after).  A withdrawal before the child is born is not eligible for the penalty exemption.  It may not make sense, but that's how the law was written.