Why is turbo tax is not computing my IRA exclusion correctly?

[ColeenD3]

Can you be more specific? What is happening when you enter the Code and the amount?

Exceptions to the additional 10% tax apply for early distributions from an IRA that are:

• Made to a beneficiary or estate on account of the IRA owner's death
• Made on account of disability
• Made as part of a series of substantially equal periodic payments for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary
• Qualified first-time homebuyer distributions
• Not in excess of your qualified higher education expenses
• Not in excess of certain medical insurance premiums paid while unemployed
• Not in excess of your unreimbursed medical expenses that are more than a certain percentage of your adjusted gross income
• Due to an IRS levy, or
• A qualified reservist distribution