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Retirement tax questions
Thank you, I reviewed your return. One of your Form 1099-R is entered with code 1, please verify if that is the correct code shown in box 7. If not, then please edit your entry.
If you indeed have code 1 in box 7 then you can enter then you can enter the amount under “Other” on the “These Situations May Lower Your Tax Bill”. This will remove the 10% early withdrawal penalty.
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March 26, 2025
10:33 AM