turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I code my 401k distribution as a Hardship withdrawal when filing?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
TunyaI
New Member

How do I code my 401k distribution as a Hardship withdrawal when filing?

dmertz
Level 15

How do I code my 401k distribution as a Hardship withdrawal when filing?

And there is no special coding for a hardship distribution.

If you are asking about possible exceptions to an early-distribution penalty, see the following IRA web page on the topic:  <a rel="nofollow" target="_blank" href="https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distri...>

To enter an amount that qualifies for a particular penalty exception, go to Other Tax Situations -> Additional Tax Payments -> Extra tax on  early retirement withdrawals.    General "hardship" is not an exception.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question