SamS1
Expert Alumni

Retirement tax questions

You should contact who ever issued the 1099R if you think there is a mistake.  The code "1" is issued if the distribution was made to a recipient under the age of 59 1/2.  Check the social security number on the 1099R to make sure it is yours.  If you have someone living with you, its possible a c/o address was used and your name is populating the name field.  Check the social security number and it that was correct, I would contact the provider of the 1099R to get the coding changed to "7".

 

If this represents a Roth IRA and you have not had the funds in 5 years, that may be causing the coding of 1.  Talk to who provided you the form to find out more.