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mcmelvin
New Member

Under Wages & Income, I had an early 401K withdrawal to avoid forclosure. Can I place that amount paid in the "Other Reason" box for why I took the early withdrawal?

 
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1 Reply
JulieR
Expert Alumni

Under Wages & Income, I had an early 401K withdrawal to avoid forclosure. Can I place that amount paid in the "Other Reason" box for why I took the early withdrawal?

No, the reason you took an early withdrawal does not qualify for an exception  The exceptions that apply to the early withdrawal penalties are in the following TurboTax FAQ: https://ttlc.intuit.com/replies/5881082
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