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Retirement tax questions
In other words, this is not an early distribution. It is simply a regular distribution beyond the amount that you were required to take for the year.
If TurboTax is calculating an early-distribution penalty on Form 5329, you've entered something incorrectly. The Form 1099-R should not have a code 1 or code J in box 7 (which is what triggers TurboTax to calculate a penalty) since you are over age 59½.
October 4, 2019
8:17 AM