Why am I being charged for taking an early withdrawal? I am 80 years old.

patmoudy · ‎June 6, 2019

KenH1 · ‎June 6, 2019

One of three things is happening:

1) You entered your birthdate incorrectly in the Personal Info section;

2) You entered the wrong code from box 7 of your 1099-R;

3) Your retirement plan administrator incorrectly reported the box 7 code. It should not be code 1. Maybe it's code 7?

KenH1 · ‎June 6, 2019

One of three things is happening:

1) You entered your birthdate incorrectly in the Personal Info section;

2) You entered the wrong code from box 7 of your 1099-R;

3) Your retirement plan administrator incorrectly reported the box 7 code. It should not be code 1. Maybe it's code 7?

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