TomD8
Level 15

Retirement tax questions

If you receive an early distribution from a 401K, then Box 7 of your 1099-R should show a Distribution Code of 1 or 2.

This is how the IRS (and TurboTax) know that the distribution was early.

See page 15 of this IRS Publication:

https://www.irs.gov/pub/irs-pdf/i1099r.pdf

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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