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

190

1 Best answer

New Member

Jun 6, 2019 4:27:32 AM

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?

New Member

Jun 6, 2019 4:27:32 AM

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?