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holcombkevin
New Member

I took out money from my 403b retirement to help pay medical expenses that equaled $4834.99. can I claim this?

 
1 Reply
MargaretL
Employee Tax Expert

I took out money from my 403b retirement to help pay medical expenses that equaled $4834.99. can I claim this?

Yes, you can claim expenses as medical expenses paid with your distribution.  Also, the early withdrawal (before you reach age 59 1/2 qualifies as an exception to 10% additional tax penalty.

When you enter your form 1099-R into TurboTax (and be sure to enter it exactly as it appears), please answer follow up questions to claim that exception if that's your case.

  1. Federal Taxes
  2. Wages and Income
  3. Scroll down to Retirement Plans and Social Security
  4. Select IRA, 401(k), Pension Plans (1099-R)
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