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la50love
New Member

If I took a hardship dispersement from my 401k, can I still use the simple form?

I had federal and state taxes withheld, but have not received a 1099R.

What product should I use?

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1 Reply
LinaJ2018
Intuit Alumni

If I took a hardship dispersement from my 401k, can I still use the simple form?

It depends.

If you have not reached age 59.5, you will be subject to a 10% penalty of the early distribution and need to file a Form 5329.  Therefore, you will need the TurboTax Deluxe edition. 

If you have reached age 59.5, there will be no penalty.  You can stay in the free edition. 

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