RobertB4444
Expert Alumni

Retirement tax questions

Select none of these apply.  You're going to enter the 1099-R as a fully taxable event.  Then, after you have done that, the system will offer you a complete list of possible exceptions.  The birth/adoption exception is a little more than midway down that list and will exempt up to $5,000 from the 10% early withdrawal penalty.  Then  in order to attach the necessary statement, you will have to mail in the return.

 

@cem4 

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