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New Member
posted Feb 9, 2025 7:47:15 AM

How do I apply rule 72T?

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1 Replies
Expert Alumni
Feb 9, 2025 8:40:33 AM

When you enter your Form 1099-R, if in your situation you have a penalty for your withdrawal, the program will guide you through more questions to see if you qualify for an exception under rule 72t.  There are a lot of situations where this may be the case, see the following IRS page for more information:

Retirement topics - Exceptions to tax on early distributions

Where do I enter my 1099-R?