Hi everyone,
I received 1099-R for 2023 excess contrition 401k refund. All good. Entered everything into Turbo Tax but before I file I need quick sanity check - How can I confirm that my code-8 2023 Form 1099-R was NOT subjected to the 10% early distribution penalty? Is there a specific form I can look at my return (TT switched into forms mode) to make sure I am not charged the penalty? I totally get that the refund is taxable, my interest is specifically to confirm I am not paying the penalty (code 8 is penalty exemption).
Thanks
~B
PS. The reason for the refund was my employer failed the HCE/ACP test on 401K