I am completing my Pennsylvania State return on your site. I am 62 and received a distribution from my 401K. I am not sure I completed whether or not I need to pay taxe

[kell0502-]

No 7 on my 1099-R has a 7, but the box IRA/SEP/Simple is not checked.   I was asked to select an option as to what type of distribution I received, (i.e. State Pension, etc)  how do I determine if the plan is qualified?  I believe I am as I am 62 years old.

[DianeW · Accepted solution]

The plan is qualified and you are not required to pay tax on that income on the Pennsylvania tax return.  You can answer the questions accordingly.

The box 7, code 7 indicates that it is a normal retirement distribution and as you noted you are over the 59 1/2 years of age which is the reason for the code in box 7.