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vpisu98
New Member

Why does it say "Code 7 indicates a normal distribution, which is unusual because you aren’t 59 1/2 yet and you also checked the IRA/SEP/SIMPLE box" -- I'm 63?

I have checked my birthday and it is correct - is this an error with TurboTax's ability to calculate my age for taxability purposes?
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3 Replies

Why does it say "Code 7 indicates a normal distribution, which is unusual because you aren’t 59 1/2 yet and you also checked the IRA/SEP/SIMPLE box" -- I'm 63?

Any chance you are married, spouse is under 59.5, and you indicated it's your spouse's 1099-R and not yours by mistake?

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
vpisu98
New Member

Why does it say "Code 7 indicates a normal distribution, which is unusual because you aren’t 59 1/2 yet and you also checked the IRA/SEP/SIMPLE box" -- I'm 63?

Thanks, SteamTrain.  My spouse is under 59 1/2, so I did check that this distribution is associated to me-only and it is.  It is my name, not hers, on the income. No penalties appear to be imposed, but it is disconcerting that it is mis-calculating my age in this part, though not in other parts.  

Why does it say "Code 7 indicates a normal distribution, which is unusual because you aren’t 59 1/2 yet and you also checked the IRA/SEP/SIMPLE box" -- I'm 63?

Then it's a puzzle for the moment.   The only other thing I can think of where it might go wrong, is if you switched the order of which spouse is listed first on the My Info page, after last year's files were transferred in from a 2019 file with the spouses listed in a different order.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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