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Retirement tax questions
There is no penalty on the form 5329 if you are over the age of 59.5 ... the 1099-R should have a code 7 in the box 7 on the 1099-R when issued.
Read the form instructions https://www.irs.gov/pub/irs-pdf/i5329.pdf
‎December 5, 2021
9:54 AM