Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 1, 2025 12:32:50 AM

I was facing eviction and was advised this amount could be used for emergency rent. 1099-R has a section for Distributions for eligible emergency expenses. Is this it?

1 1 2051
1 Replies
Expert Alumni
Feb 1, 2025 6:42:32 AM

Yes, this would be considered an emergency. Be aware that an emergency will allow you to make a withdrawal, still subject to tax, but without the 10% early withdrawal penalty.  You can take one financial withdrawal emergency per year, not to exceed $1,000.