KrisD15
Expert Alumni

Retirement tax questions

To clarify

what did you do with the Distribution? 

Code 2 is Early Distribution with exception, 

what is your exception?

 

There are exceptions to "Penalty Tax" (see Schedule 2 line 8 and 1040 line 23) 

but you may still incur income tax on the distribution unless you rolled it over to another account (see 1040 line 4b) 

 

Please do not enter the distribution as an annuity (equal payments) if this was not the case. 

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