KrisD15
Expert Alumni

Retirement tax questions

Are you entering Form 1099-Q in the Education section under Deductions & Credits?

 

Are you then saying the distribution was not used for education? 

 

The earnings in Box 2 goes to Schedule 1 line 8z

flows to Form 1040 line 8

The 10% penalty tax is on Schedule 2 line 8

flows to Form 1040 line 23

 

You report the 1099-Q, not as separate entries. TurboTax will separate the amount in Box 2 from Box 1. 

 

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