How do I get Turbotax to recognize that I withdrew early from my 401k? It's saying that I didn't, but I withdrew the whole thing in mid-December.

[kteague314]

I'm not over 59.

[DoninGA]

Did you enter the Form 1099-R in the Retirement Income section of the program and did your Form 1099-R have a code in box 7 of 1?

[SweetieJean]

Is your DOB correct in the program?

[Carl]

It all goes by the code in box 7 of the 1099-R. I would expect it to be a "1" for you. But if you haven't received the 1099-R yet, you really need to wait for it. Nowadays, you should be able to log into your retirement account and get it that way.

[kteague314]

My DOB is correct. And I went to the section that said “additional tax payments - extra tax on early retirement withdrawals”. Immediately it says that I have no early retirement withdrawals and won’t let me enter anything.

Is there somewhere else I should be entering information from the 1099-R?

And thank you everyone for your quick responses!

[SweetieJean · Accepted solution]

The 1099-R is entered here only: Federal taxes; Wages and Income; Retirement

[kteague314]

I’ll have to try that then. Thank you very much!