- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Form 1099-R, Box 7, Code J is "Early Distribution from a Roth IRA". That is what is triggering the 10% early withdrawal penalty.
During what month did you turn age 59 1/2 in 2021? Was it after you withdrew money from your accounts? Distributions before your turn 59 1/2 after subject to the 10% early withdrawal penalty.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 28, 2022
3:47 PM