cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

My husband retired at 54. He received a 1099R for annuity paid. His 1099R in box 7 says "2-nondisability" and turbo tax does not offer that choice. What do I select?

 
1 Best answer

Accepted Solutions
Employee Tax Expert

My husband retired at 54. He received a 1099R for annuity paid. His 1099R in box 7 says "2-nondisability" and turbo tax does not offer that choice. What do I select?

The code remains as Code 2 for box 7 which means that it's an early distribution but there is an exception to the penalty for early withdrawal.You won't have to do anything else.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
Employee Tax Expert

My husband retired at 54. He received a 1099R for annuity paid. His 1099R in box 7 says "2-nondisability" and turbo tax does not offer that choice. What do I select?

The code remains as Code 2 for box 7 which means that it's an early distribution but there is an exception to the penalty for early withdrawal.You won't have to do anything else.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post