Question

Does anyone know how to waive the penalty on a 401k early withdrawl on turbotax due to covid 19 ?

I answered the questions if I was affected by a disaster in 2020 and it doesnt mention Cares Act .

Please follow these steps to enter your 1099-R to get the COVID related questions:

Login to your TurboTax Account
Click on the Search box on the top and type “1099-R”
Click on “Jump to 1099-R” and enter your 1099-R (if you started this before you should see the “Your 1099-R Entries” screen and will click "edit")
Continue until "Tell us if any of these uncommon situations apply" screen
Select "I took out this money because of a qualified disaster (includes COVID-19)"
Continue through the questions

If this does not work then please let me know what code you have in box 7. What is in box 1 and box 2a?

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Hi,box 7 had the number 1 and I changed it to a number 2 which let me proceed with the question qualified disaster.Box 1 is $9163.00 same in box 2a. Even though box 7 had a 1 , is it ok that I switched it to the number 2 so it would let me continue with completing my taxes?