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Level 1

Question

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

Forum|Forum|7 years ago
June 1, 2019
2 replies
18 views

No text available

Level 5

https://ttlc.intuit.com/replies/5640358

Level 15

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-distributions">https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions</a>

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.