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D
dennismcw
March 16, 2025
Question

TurbTax mistakenly charged me for early IRA distribution. How do I correct that?

  • March 16, 2025
  • 1 reply
  • 0 views
How do I get rid of an early IRA distribution error?

    1 reply

    D
    DanaB27
    March 16, 2025

    To clarify, what is the code in box 7 of your Form 1099-R? Are you over 59 1/2? 

     

    If you meet one of the exceptions for the 10% early withdrawal penalty then you can enter this on the "Did you use your IRA to pay for any of these expenses?" screen.  Click continue after you entered all Form 1099-Rs and continue through the questions until you get the "Did you use your IRA to pay for any of these expenses?" screen.

     

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