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early withdrawal from ira for medical expenses

I am under age 59 1/2 but had to withdraw funds for serious medical treatment for my dependent child.  How do I report the medical exception for this in Turbo Tax?

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1 Reply
JosephF8
Expert Alumni

early withdrawal from ira for medical expenses

The exceptions will be in the follow up questions.

After you enter your 1099-R and hit Continue.

You will continue through several screens (most have to do with disaster withdrawals and repayments)

You will come to a screen titled Let’s See If We Can Lower Your Tax Bill

Hit Continue what you are looking for is on the next page

Note: Excludible medical expenses are those above 7.5% of your Adjusted Gross Income (AGI)

 

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