It could be some related information got carried over from last year. If Form 1099-R does not apply to you, you can simply remove it from the program. Here are the steps:
In TurboTax online,
1. Sign into your account, select Pick up where you left off
2. Select Tax Tools, click on the drop down arrow
3. Select Tools
4. Under Other helpful links, choose Delete a form
5. Select Delete next to the Form 1099-R and Continue with My Return
A Form 1099-R is issued to the taxpayer if he or she has taken out distribution from their retirement plans including IRAs. If you are under age 59 1/2, the distribution from the retirement accounts is considered as an early withdrawal. Generally, you are subject to an additional 10% penalty of your entire distribution unless you met certain criteria. Due to the Section 2202 CARES Act, if your distribution is related the Covid-19, you will not be liable for this additional penalty. For more information from the IRS, click here: Covid Relief. If your distribution is not related to the Covid, you will need to pay the penalty.
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