Yes, you can contact your plan administrator and request a change. However I don't expect it will change your tax return.
Code 2 in box 7 subjects you to the early withdrawal penalty for people under age 59 1/2.
I don't expect that you paid, nor will pay this penalty.
There are (2) reasons for this.
- I expect that the IRA/SEP/SIMPLE Box is not checked.
- This is the first indication that it is a retirement plan.
- In the interview, you should have indicated that you receive regular payments.
- The regular payment feature will also negate the penalty
Please contact us again with any questions, and provide some additional details.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
