dmertz
Level 15

Retirement tax questions

There has been no change in TurboTax or the tax code with regard to this penalty exception; it's still present in 2017 TurboTax.  (If you are using the Home & Business version of TurboTax it's under Personal Income.)

Be aware that only distributions from IRAs are eligible for this penalty exception.  Distributions from a qualified retirement plan like a 401(k) are not eligible for this exception.