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posted Feb 23, 2025 12:34:41 PM

3 months of my pension were paid out before Age 59 1/2, and 9 months after 59 1/2. Do I check "early withdrawal" or "not early withdrawal"? There's no "both" category.

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1 Replies
Level 15
Feb 23, 2025 12:40:43 PM

@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.

_________________

So you should have two 1099-R forms.