My husband is 61 and took a distribution from his IRA. TurboTax is saying that he needs to pay a 10% penalty because he is less than 59 1/2. How do I get this changed?

243

Level 15

Mar 14, 2021 4:33:48 PM

First of my info tab make sure you have the correct date of birth for him then in the 1099 entry section please make sure you've indicated it's his 1099 -R and not yours.

New Member

Mar 14, 2021 4:46:22 PM

Thank you for the information. I confirmed and re-entered his date of birth and verified that the 1099-R is for him and I am still receiving the following message:

Double check Box 7 and the IRA box on your 1099-R

Code 7 indicates a normal distribution, which is unusual because you aren’t 59 1/2 yet and you also checked the IRA/SEP/SIMPLE box.

Level 15

Mar 14, 2021 5:37:29 PM

If you are under age 59½, make sure that you have tagged the 1099-R in TurboTax as being his 1099-R and not yours. (This is likely the issue.)

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My husband is 61 and took a distribution from his IRA. TurboTax is saying that he needs to pay a 10% penalty because he is less than 59 1/2. How do I get this changed?