Retirement tax questions

@michaelmwhitehead 

 

For my pension, the provider issued two separate 1099-R forms.

 

1) One for the time before age 59.5 with a code 2 in box 7   (that's for an exception to the early withdrawal).  Should be no penalty if you answer the follow-up questions properly.

and

2) a second one with a code 7 in box 7......for the months after age 59.5.

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So you should have two 1099-R forms.  

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