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

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

posted

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?

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?

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