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tmb328
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Before filing, how do you indicate you were over 59 1/2 when reporting early retirement distribution from 1099-r?

 
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6 Replies

Before filing, how do you indicate you were over 59 1/2 when reporting early retirement distribution from 1099-r?

Your age is determined by the date of birth you entered in the My Info section of the program for your personal information.

What is the code in box 7?  And did you receive the distribution before or after you turned 59 1/2?

tmb328
New Member

Before filing, how do you indicate you were over 59 1/2 when reporting early retirement distribution from 1099-r?

Thanks for your reply. Yes, the distribution was after age 60. Code in box 7 on the 1099-R is 7. What does that mean?

Before filing, how do you indicate you were over 59 1/2 when reporting early retirement distribution from 1099-r?

Code 7 indicates this was a normal distribution.  There are no early distribution penalties being assessed.

tmb328
New Member

Before filing, how do you indicate you were over 59 1/2 when reporting early retirement distribution from 1099-r?

Thank you. So I should be set based on that? Appreciate the help. 

Before filing, how do you indicate you were over 59 1/2 when reporting early retirement distribution from 1099-r?

Yep...You should be all set.

tmb328
New Member

Before filing, how do you indicate you were over 59 1/2 when reporting early retirement distribution from 1099-r?

You’ve been very helpful. Thank you. 

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