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That depends. There is an exemption to the additional 10% penalty for an early distribution from a 401(k) plan if your medical and dental expenses exceed 7.5% of your adjusted gross income (AGI). After you enter the information from the Form 1099-R that reports the distribution, TurboTax will ask a series of questions.
The FAQ below tells how to enter your 1099-R in TurboTax. https://ttlc.intuit.com/replies/4194737
That depends. There is an exemption to the additional 10% penalty for an early distribution from a 401(k) plan if your medical and dental expenses exceed 7.5% of your adjusted gross income (AGI). After you enter the information from the Form 1099-R that reports the distribution, TurboTax will ask a series of questions.
The FAQ below tells how to enter your 1099-R in TurboTax. https://ttlc.intuit.com/replies/4194737
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