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rondidaniel-hotm
New Member

In the Fed section for 1099-R, it asks me to double check because I'm not yet 59 1/2, though I put it under my spouse who is. Is this a glitch in turbotax?

 
2 Replies
MarilynG1
Employee Tax Expert

In the Fed section for 1099-R, it asks me to double check because I'm not yet 59 1/2, though I put it under my spouse who is. Is this a glitch in turbotax?

If you 1099-R has your Social Security Number on it, it belongs to you and you can't apply it to your spouse.  

 

TurboTax wants to verify your age, because there is a Penalty for Early Distribution, normally. 

 

If you are not 59-1/2, and you took an Early Distribution (Code 1 or 2 in Box 7 on your 1099-R) due to hardship caused by Covid, you can spread out the taxable income over a three-year period.

 

This is reported on Form 8915-E which is not yet finalized by the IRS. 

 

If this would benefit you, click this link for info on How to Be Notified when Form 8915-E is Ready.

 

Click this link for info on How to Enter a 1099-R

 

 

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g13615
New Member

In the Fed section for 1099-R, it asks me to double check because I'm not yet 59 1/2, though I put it under my spouse who is. Is this a glitch in turbotax?

I had the same issue, and worked with a support person over the phone.  They said it was supposed to be fixed by March 12, but it still isn't

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