I took an early withdrawal on a 401k. I have pay tax and a penalty on this. Turbo Tax is trying to reduce this tax for me and is suggesting I enter medical expenses. I did have high medical expenses in 2017. Are there any rules for entering these medical expenses. These would be the same medical expenses I entered on form 1040.
You'll need to sign in or create an account to connect with an expert.
Only medical expenses that exceed 7.5% of your AGI is an exception to the penalty.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
snoblack
Level 2
JP611
New Member
Dchackert
New Member
srfrgyrl
New Member
ashleyhudd229
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.