turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

knelso4
New Member

Turbotax is showing "early distribution penalty" Box 7 is 7. Date of birth is correct. This 1099-R is from a pension account.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Turbotax is showing "early distribution penalty" Box 7 is 7. Date of birth is correct. This 1099-R is from a pension account.

If your DOB is correct and you are age 59 1/2 or older, then with a code of 7 in box 7 there should be no penalty.

Delete the Form 1099-R and re-enter manually to clear this error.

View solution in original post

1 Reply
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Turbotax is showing "early distribution penalty" Box 7 is 7. Date of birth is correct. This 1099-R is from a pension account.

If your DOB is correct and you are age 59 1/2 or older, then with a code of 7 in box 7 there should be no penalty.

Delete the Form 1099-R and re-enter manually to clear this error.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question