Retirement tax questions
What do you mean by fabricate a 2025 1099R? I told TT I received a 1099R in 2024 (even though I’ll receive it next year) so I could input the information. After I entered the necessary info, clicked “2025”, “none of these apply to me” (when asked if need to file a substitute 1099R) I still have a 10% penalty on the earnings. Now, TT is saying I could reduce my early withdrawal penalty if I did the following:
Am I doing this correctly? I appreciate your help.
