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401k early withdrawal penalty

Belayy
Level 1
which form is available to avoid the amount of money withdrawn from 401k for covid19 emergency fund
0 Cheers
6 Replies 6
qbteachmt
Level 15

When you fill in the 1099-R info, you will see where you checkmark that this qualifies as a disaster distribution, assuming it does.

You didn't put this topic into the forum for which software you are using.

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"Level Up" is a gaming function, not a real life function.
abctax55
Level 15

@qbteachmt 

Maybe because this isn't the TurbohTax forum? /S  😂  

(edited to "d" & add smiley face & /S)

Former Chump..umm... AllStar...This message was typed from 6 feet away so you can safely read it immediately.

If a post answers your question, click on *Accept as solution* for future searches
IRonMaN
Level 15

But in reality, it kinda is.

Barber! Why didn't I think of this before? Getting paid to give out bad tax advice - need I say more? I've run with scissors for years so it is a natural fit.
qbteachmt
Level 15

"Maybe because this isn't the TurbohTax forum?"

 

Shhhh...I was trying subtlety. Sheesh.

*******************************
"Level Up" is a gaming function, not a real life function.
abctax55
Level 15

Like being subtle works on such folks ???

And interestingly, it won't *let* me change the "b" to a "d".  Guess we are just going to have to keep coming up with different ways of spelling "that DIYer software that shall not be named" in this forum.

Former Chump..umm... AllStar...This message was typed from 6 feet away so you can safely read it immediately.

If a post answers your question, click on *Accept as solution* for future searches
IRonMaN
Level 15

Yeah, they blocked that spelling when this place opened up ------ it evidently hurt someone's feelings when you mention Turddotaxx here.

Barber! Why didn't I think of this before? Getting paid to give out bad tax advice - need I say more? I've run with scissors for years so it is a natural fit.