You'll need to sign in or create an account to connect with an expert.
Its not "normal" because you are not 59 1/2. Normal simply means 59 1/2.
However, Box 2 means you are not paying the 10% penalty either way. So, you are not penalized for not being 59 1/2 regardless. A "7' wouldn't be any better than a "2".
Its not "normal" because you are not 59 1/2. Normal simply means 59 1/2.
However, Box 2 means you are not paying the 10% penalty either way. So, you are not penalized for not being 59 1/2 regardless. A "7' wouldn't be any better than a "2".
Can you define "separation from service "? Is being laid off from an employer considered "separation from service "?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jewell7689
New Member
knownoise
Returning Member
taxdoofus
Returning Member
bryanna-j00
New Member
Kevin3326
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.