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cbfox62
New Member

I'm stuck. I had to close my IRA...so I wouldn't loose my home or car

 
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GiseleD
Expert Alumni

I'm stuck. I had to close my IRA...so I wouldn't loose my home or car

We cannot see your return or account here, as this is a public forum. Please provide some more detail on what you are trying to do in TurboTax so we can better assist. 

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I'm stuck. I had to close my IRA...so I wouldn't loose my home or car

You should have a 1099R for that.  It is taxable and a 10% Early Withdrawal Penalty if you are under 59 1/2.

 

Enter a 1099R under

Federal Taxes on the left side

Wages & Income at the top

 

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

 

If you are filing a Joint return be sure to pick which person it is for.

I'm stuck. I had to close my IRA...so I wouldn't loose my home or car

If you just closed your IRA, you'll report it next year.

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