ErnieS0
Expert Alumni

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.

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