dmertz
Level 15

Retirement tax questions

The code 7 indicates that TurboTax will not treat the distribution as an early-distribution penalty.  If 2019 TurboTax asks if you were age 59½ at the time of the distribution because you reached age 59½ in 2019, answer accurately and move on.  If you revisit the question you'll need to repeat your answer.

 

Schedule 2 line 6 is where the penalty would appear on your tax return.  If TurboTax is not including Schedule 2 in your tax return, there is no early-distribution penalty present in your tax return.