BillM223
Employee Tax Expert

Retirement tax questions

TurboTax has no way of knowing if a distribution is "early" for your pension (your plan sets the age of normal retirement), so TurboTax has to depend on the codes in box 7 on the 1099-R reporting the plan distribution.

 

I am guessing that the code in box 7 on your 1099-R is different this year than from previous years. 

 

What is the box 7 code this year, and what was the box 7 code on your 1099-R in previous years?

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