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2 1099-R forms with 2 codes in box 7
I received two 1099-R's with a code 2 on one and code 7 on another. I called the company in charge of my pension and they said the code 7 on one statement is because of my age. The pension distribution is considered early retirement before age 59 1/2 then considered normal distribution after that. So one form is for early retirement (code 2) and the other is for normal distribution (code 7). When I get to the point of reviewing my federal return, Turbo Tax is telling me the form marked with code 7 is inappropriate and needs to be corrected or removed.
I'm at a loss and don't know what to do at this point. The codes are correct as far as the payer is concerned but not Turbo Tax. How do I resolve this issue?
Thanks for any input.
March 19, 2020
3:07 PM