401 K withdrawal age 59 1/2

[Theresa123]

A withdrawal was made on a 401 K at the age of 59 1/2. When checking the box that the withdrawal was taken out after age 59 1/2. Turbo tax keeps switching it back to before age 59 1/2. Can anyone help?

[TomD8]

What is the Code in Box 7 of your 1099-R?  Code 1 = early distribution.

Also, 59 1/2 means on or after the exact date you turned 59 1/2.  For example, if your 59th birthday was June 1st, then you attained age 59 1/2 on December 1st.   A distribution before December 1st would be considered "early".

[dmertz]

TurboTax only asks this question to determine what question to ask next, so it does not record your original answer at all.

[Theresa123]

The code in box 7 is 7. Normal distribution

[Theresa123]

So it doesn't matter what this box says when I go back then correct?

[dmertz]

Just answer correctly and proceed.

[Theresa123]

Thank you!