DavidD66
Expert Alumni

Retirement tax questions

You should talk to the IRA custodian and see if you can get them to issue you a corrected 1099-R.  Otherwise you will have to pay the 10% excise tax (penalty) for early withdrawal, and also ordinary income tax based on the percentage of pre-tax and after tax funds you had in the IRA.  But as I said, contact the custodian and try to get a corrected 1099-R. 

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