If you have a child born in 2020 and had a distribution from a tax deferred retirement account reported on a Form 1099-R, there will be questions following the entry of the form for any exceptions to the 10% early withdrawal penalty based on the Secure Act of 2019.
To enter, edit or delete 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
Click CONTINUE and answer the follow-up questions for 1099-R to report your amount not subject to the additional tax and your reason.
If you have a child born in 2020 and had a distribution from a tax deferred retirement account reported on a Form 1099-R, there will be questions following the entry of the form for any exceptions to the 10% early withdrawal penalty based on the Secure Act of 2019.
To enter, edit or delete 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