@DoninGA wrote:
You will receive a Form 1099-R for the withdrawal. The plan administrator should enter a Code 7 in box 7 of the Form 1099-R which indicates it is a Normal Withdrawal so that you will not be assessed the 10% early withdrawal penalty when you file the 2023 tax return.
Make sure the plan administrator knows your correct birthdate.
If the 1099-R has the wrong code, it can still be fixed in Turbotax to not assess the penalty, but the mismatch might trigger IRA attention.
