Hello. I receive a 1099-R with Distribution Code U. This is for Quarterly Dividends payments received from my Company ESOP plan. I have two questions:
TurboTax is asking if I was 59-1/2 when I received the money? I turned 59 in November 2019, so in May 2020, I would have been 59-1/2. Do I have to answer NO I was not 59-1/2 when I received the money since I received the first quarterly dividend in March 2020?
I'm just wondering... I turned 60 in November 2020. Will I receive a 1099-DIV instead of a 1099-R in Year 2021?
Thank you.
