I have a related question. I received a settlement check for a 401k class action lawsuit. Since I didn't know the amount of my shoe of the settlement ( I assumed it was small. am now retired I took the total distribution. I received the check and put it in savings account. I received a 1099R with a Distribution code of 1, early distribution. I am 67 years old. I don't believe I should pay a 10% penalty. I think the 1099R should be corrected. Do you agree?
