TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

My husband is 61 and took a distribution from his IRA. TurboTax is saying that he needs to pay a 10% penalty because he is less than 59 1/2. How do I get this changed?

Forum|Forum|5 years ago
March 14, 2021
3 replies
14 views

No text available

TurboTax Self Employed Online

Level 15

First of my info tab make sure you have the correct date of birth for him then in the 1099 entry section please make sure you've indicated it's his 1099 -R and not yours.

mbyers1432Author

Level 2

Thank you for the information. I confirmed and re-entered his date of birth and verified that the 1099-R is for him and I am still receiving the following message:

Double check Box 7 and the IRA box on your 1099-R

Code 7 indicates a normal distribution, which is unusual because you aren’t 59 1/2 yet and you also checked the IRA/SEP/SIMPLE box.

Level 15

If you are under age 59½, make sure that you have tagged the 1099-R in TurboTax as being his 1099-R and not yours. (This is likely the issue.)