I was able to retire early due to my years of service what do i do so i do not get penalized?

[ctwete]

I was 55 years old when I retired de to my years of service.   How do i not ge the 10% panalty

[DanaB27]

Please follow these steps to enter the 10% penalty exception "employee separating from service during or after the year the employee reaches age 55" (IRS:(

1. Login to your TurboTax Account 
2. Click on the Search box on the top and type “1099-R”
3. Click on “Jump to 1099-R”  and enter your 1099-R
4. Click "continue" after all 1099-R are entered and answer all the questions.
5. Continue until "These Situations May Lower Your Tax Bill" screen
6. Enter the amount under "Separation From Service the year After age 55"