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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?
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?
Code 7 indicates this was a normal distribution. There are no early distribution penalties being assessed.
Thank you. So I should be set based on that? Appreciate the help.
Yep...You should be all set.
You’ve been very helpful. Thank you.
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