You'll need to sign in or create an account to connect with an expert.
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
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
PipiR
Level 2
danielsrobert42
New Member
abuglione***!
New Member
mfro2005
New Member
alexandriak
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.