You're correct. Military academy attendance will waive the penalty on Form 5329.To take care of this, follow these steps" Type to 1099-Q in the search box, and Jump to 1099-Q. Enter the information from the form. Go to the education expenses section in TurboTax. Go through all the questions until you reach a screen that asks you to "Tell us about your level of education". Check the box "Attended Military Academy in 2020" and Also uncheck the "None of the above" box. Here is a TurboTax article about form 1099-Q.

Question

I am looking to report my attendance at a US service academy to avoid a penalty on my 1099-Q. Where do I report this?

Forum|Forum|5 years ago
February 28, 2021
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TurboTax Deluxe Online

ReneeM7122

You're correct. Military academy attendance will waive the penalty on Form 5329.

To take care of this, follow these steps"

Type to 1099-Q in the search box, and Jump to 1099-Q.
Enter the information from the form.
Go to the education expenses section in TurboTax. Go through all the questions until you reach a screen that asks you to "Tell us about your level of education". Check the box "Attended Military Academy in 2020" and Also uncheck the "None of the above" box.

Here is a TurboTax article about form 1099-Q.