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

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

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

 
Connect with an expert
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 Reply
MargaretL
Expert Alumni

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)
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies