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Yes. You will need to use the Deluxe online edition if you had an early withdrawal from a 401(k) account. The 10% early withdrawal penalty can only be assessed on a Form 1040, which is not supported by the Free online edition.
The penalty will be entered on Form 1040 Line 59 as a tax liability.
To enter a form 1099-R -
Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R
Yes. You will need to use the Deluxe online edition if you had an early withdrawal from a 401(k) account. The 10% early withdrawal penalty can only be assessed on a Form 1040, which is not supported by the Free online edition.
The penalty will be entered on Form 1040 Line 59 as a tax liability.
To enter a form 1099-R -
Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R
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