On your form 1099-R, if you have a code 1 in Box 7 , then after you enter the 1099-R, it should say, based on your code, you have extra tax and we'll help you check for exceptions. Perhaps you have a code 2 which indicates the exception is already known and accounted for so you do not need the penalty form. If you have a form with a completely wrong code, you may need to have a corrected form issued.
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