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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which form is available to avoid the amount of money withdrawn from 401k for covid19 emergency fund
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6 Comments 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)

"*******Tax software is no substitute for a professional tax preparer*******
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IRonMaN
Level 15

But in reality, it kinda is.


Slava Ukraini!
qbteachmt
Level 15

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

 

Shhhh...I was trying subtlety. Sheesh.

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"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.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
IRonMaN
Level 15

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


Slava Ukraini!