tammie
Level 3
03-09-2020
05:36 PM
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If the client has large medical expenses and takes an early distribution for which he would normally be penalized, where in the Form 1099-R worksheet do I indicate that the early distribution was for medical expenses and eliminate the 10% penalty? Thanks for any help.
IRonMaN
Level 15
03-09-2020
05:45 PM
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Check out form 5329
Slava Ukraini!
tammie
Level 3
03-09-2020
05:58 PM
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Thank you
IRonMaN
Level 15
03-09-2020
06:28 PM
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You betcha!
Slava Ukraini!
gtissier
Level 1
04-03-2020
07:37 PM
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enter the amount of excess medical expenses (normally the amount that would be deductible on Schedule A = over 7.5% AGI) on form 5329, the penalty form
cbriell
Level 1
05-21-2020
12:34 PM
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Once you have filed the 5329 with the medical exemption (05) what happens? If your retirement vendor has withheld the 10% already, how/when do you know if the exemption was approved?
sjrcpa
Level 15
05-21-2020
01:17 PM
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