Jeannie1213
Level 1
09-14-2020
05:04 PM
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The client took a distribution from her Roth IRA prior to age 59.5. Part of the distribution was used to pay education costs. How do I reduce the portion of the distribution that is subject to early withdrawal penalty by the exception of the education costs?
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George4Tacks
Level 15
09-15-2020
06:29 PM
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A neat trick to learn in Lacerte is find what you want in the forms view. In this case look at the 5329 Part I line 2 and RIGHT CLICK on that line (or sometimes a box) and select "Jump to Input" .
That should get you to the 1099R input for 5329. Enter the Amount and then next line select from the drop down choices.
Here's wishing you many Happy Returns
