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jsrumb
New Member

Using 72t provision on ira cd. What do i need to do to file?

 
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dmertz
Level 15

Using 72t provision on ira cd. What do i need to do to file?

Report the distributions as you would any distribution from an IRA by entering the Form 1099-R under Wages & Income -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R) and answering the follow-up questions.  Be sure to click the Continue button on the Your 1099-R Entries page and enter the amount qualifying for the particular 72(t) exception that applies.

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