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Hi, can I fill up here at Turbo tax online the form 5329 for withdrawal from my 401K under Domestic abuse to be excempt from the penalty?

 
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Opus 17
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Hi, can I fill up here at Turbo tax online the form 5329 for withdrawal from my 401K under Domestic abuse to be excempt from the penalty?

If you file using Turbotax, and enter a 1099-R for a 401k withdrawal, you will be asked about special circumstances that might qualify for a reduction in the penalty for early withdrawal.   You can be exempt from the penalty for half your withdrawal, or $10,000, whichever is less.  You will have to pay the penalty on the rest of the withdrawal.  And of course, you will owe regular income tax.  

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Opus 17
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Hi, can I fill up here at Turbo tax online the form 5329 for withdrawal from my 401K under Domestic abuse to be excempt from the penalty?

If you file using Turbotax, and enter a 1099-R for a 401k withdrawal, you will be asked about special circumstances that might qualify for a reduction in the penalty for early withdrawal.   You can be exempt from the penalty for half your withdrawal, or $10,000, whichever is less.  You will have to pay the penalty on the rest of the withdrawal.  And of course, you will owe regular income tax.  

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