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Substantially Equal Periodic Payment

How do I enter the IRA early withdrawal exemption for Substantially Equal Periodic Payment (SEPP) for my 1099-R?  It is not in the list of exemptions provided.

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2 Replies

Substantially Equal Periodic Payment

It's there ... if you have a code 1 in box 7 on the 1099-R form then edit that section and follow all the screens in that section to find what you seek. 

 

 

MinhT1
Expert Alumni

Substantially Equal Periodic Payment

After you have entered your 1099-R, continue with the TurboTax interview, and should arrive at a page asking Any Periodic payments. Answer Yes and continue with the interview and you should be exempted from the early withdrawal penalty. See attached screenshot.

 

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