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A code is M1 in Box 7 indicates a early distribution and a qualified plan loan offset . If you are under the age of 59.5 years old you will be assessed the 10% penalty when your taxes are calculated.
A code is M1 in Box 7 indicates a early distribution and a qualified plan loan offset . If you are under the age of 59.5 years old you will be assessed the 10% penalty when your taxes are calculated.
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