Yes, if you took a distribution from a Qualified Retirement Plan then there is an exception to the 10% early withdrawal penalty when an employee separates from service during or after the year the employee reaches age 55. Form 5329 will lists exceptions on line 2. Therefore, Form 5329 may need to be included on your tax return if your Form 1099-R doesn't show the exception code 2 in box 7.
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