topic On my 1099-R, I check on other ways to reduce my taxes on it and put IRA LEVI and my money went up........ did I do something wrong? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/on-my-1099-r-i-check-on-other-ways-to-reduce-my-taxes-on-it-and-put-ira-levi-and-my-money-went-up/01/377515#M33646 Tue, 04 Jun 2019 00:25:24 GMT gt196968 2019-06-04T00:25:24Z On my 1099-R, I check on other ways to reduce my taxes on it and put IRA LEVI and my money went up........ did I do something wrong? https://ttlc.intuit.com/community/retirement/discussion/on-my-1099-r-i-check-on-other-ways-to-reduce-my-taxes-on-it-and-put-ira-levi-and-my-money-went-up/01/377515#M33646 Tue, 04 Jun 2019 00:25:24 GMT https://ttlc.intuit.com/community/retirement/discussion/on-my-1099-r-i-check-on-other-ways-to-reduce-my-taxes-on-it-and-put-ira-levi-and-my-money-went-up/01/377515#M33646 gt196968 2019-06-04T00:25:24Z It is almost certainly incorrect to put an amount in the... https://ttlc.intuit.com/community/retirement/discussion/it-is-almost-certainly-incorrect-to-put-an-amount-in-the/01/377520#M33647 <P>It is almost certainly incorrect to put an amount in the IRS levy box.&nbsp; If the IRS did not take money directly from your IRA, it is not a levy and does not qualify for the levy exception to the early distribution penalty.</P><P>It is extremely unusual for&nbsp;the levy exception to be correct on a Form 5329 because the payer would normally use code 2 to report a levy that occurred before you 59½, eliminating the need to report the levy exception yourself.<BR /></P> Tue, 04 Jun 2019 00:25:25 GMT https://ttlc.intuit.com/community/retirement/discussion/it-is-almost-certainly-incorrect-to-put-an-amount-in-the/01/377520#M33647 dmertz 2019-06-04T00:25:25Z