Retirement tax questions

@Loki-898 

IF you started getting pension payments before age 59.5, then, In the year you turn 59.5, you get two 1099-R forms.

One for the $$ before 59.5, with box 7 containing a code 2.

Another for the $$ after 59.5, with box 7 containing the code 7.

 

You just go ahead and put both into the software separately, with the listed box 7 code for each, and carefully answer the follow-up questions.   Shouldn't be an issue (it wasn't for me)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*