turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

brutisk30
New Member

How do I put that I permintly disabled in 2017 so I don't have to pay penalty on early with draw on 401k?

 
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.

1 Best answer

Accepted Solutions

How do I put that I permintly disabled in 2017 so I don't have to pay penalty on early with draw on 401k?

If there's a code 3 (disability) in box 7 of your 1099-R, it's not subject to the penalty.

If there's any other code and you're penalized in box 7, keep going in the interview past the ROTH distribution questions, and you'll see this screen (see screenshot below).

Put the amount in the Permanent Disability field, and hit Continue.

 

View solution in original post

1 Reply

How do I put that I permintly disabled in 2017 so I don't have to pay penalty on early with draw on 401k?

If there's a code 3 (disability) in box 7 of your 1099-R, it's not subject to the penalty.

If there's any other code and you're penalized in box 7, keep going in the interview past the ROTH distribution questions, and you'll see this screen (see screenshot below).

Put the amount in the Permanent Disability field, and hit Continue.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies