There is a question about the youngest retirement ...
ldnaples
New Member

There is a question about the youngest retirement age if I had not retired on disability. I did not retire on disability. Why is this idea coming from?

This is from my 1099R, box 7 is not checked.
macuser_22
Level 15

Retirement tax questions

What code is in box 7 on your 1099-R?    There must be one.   Sometimes the code is actually a "7" which looks like the box number.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
CV85
New Member

Retirement tax questions

I have the same problem. The screen before ask Where is this distribution from? I selected other distribution, not disability.

CV85
New Member

Retirement tax questions

No code in box 7. Total Gross Paid (Sum of boxes 4,5 and 6). Mine is from Railroad Form RRB-1099R

macuser_22
Level 15

Retirement tax questions

Did you choose the RRB 1099-R type?     The form is very different from a `1099-R.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
macuser_22
Level 15

Retirement tax questions

I am not that familiar with railroad pensions, but I believe the question is just to determine if it is disability or not.

 

If you are younger then the minimum retirement age then you would only receive it because of disability.   If you are older than that age then it must be a pension.   The difference is how it is reported on the 1040 tax return.

 

A regular 1099-R has a special code to indicate disability but a RRB does not, so the only way to know if it is disability or not is if you are getting retirement benefits before retirement age.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
CV85
New Member

Retirement tax questions

Yes I chose RRB-1099R. Then it ask Where is this distribution from? The choices were Military, Disability and Other distribution. I chose Other distribution and that is when it ask (What was the youngest age I could have retired & received pension from last employer if I hadn't become disabled?) Not disabled, just retired.

CV85
New Member

Retirement tax questions

Retired at 62 now 80, it is a pension. This is what Turbotax is asking after I enter info From  the RRB-1099R

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