My husband took an early withdrawal from his 401k and rolled the rest into an IRA when he lost his job. I'm in the state side of turbotax and it is asking us to Choose the description or type of retirement distribution that best matches your Pennsylvania retirement from the list below. The code he has is a "1". I'm thinking it is early distribution from 401k.... Is that correct ? He is only 51 and not eligible to retire. Then it asks for a basis but no explanation what that is?
