https://ttlc.intuit.com/community/retirement/discussion/code-7-in-box-7-means-normal-distribution-are-you-over/01/135562#M10293 <P>Code 7 in Box 7 means "<B>normal distribution</B>". Are you over 59.5? That's essentially what normal means- over 59.5- at least, that's what it <I>usually </I>means.</P><P>When you have a normal distribution, <B><I>you don't have to pay the early withdrawal penalty of 10%</I></B> on the taxable amount in Box 2a. However, you do need to pay income taxes on it.</P> Sat, 01 Jun 2019 06:42:36 GMT ChristinaS 2019-06-01T06:42:36Z https://ttlc.intuit.com/community/retirement/discussion/i-took-a-distribution-out-of-my-401k-in-2016-and-i-got-a-1099-r-that-shows-a-distribution-code-of-7/01/135549#M10291 Sat, 01 Jun 2019 06:42:34 GMT https://ttlc.intuit.com/community/retirement/discussion/i-took-a-distribution-out-of-my-401k-in-2016-and-i-got-a-1099-r-that-shows-a-distribution-code-of-7/01/135549#M10291 gary-rustmann 2019-06-01T06:42:34Z https://ttlc.intuit.com/community/retirement/discussion/code-7-in-box-7-means-normal-distribution-are-you-over/01/135562#M10293 <P>Code 7 in Box 7 means "<B>normal distribution</B>". Are you over 59.5? That's essentially what normal means- over 59.5- at least, that's what it <I>usually </I>means.</P><P>When you have a normal distribution, <B><I>you don't have to pay the early withdrawal penalty of 10%</I></B> on the taxable amount in Box 2a. However, you do need to pay income taxes on it.</P> Sat, 01 Jun 2019 06:42:36 GMT https://ttlc.intuit.com/community/retirement/discussion/code-7-in-box-7-means-normal-distribution-are-you-over/01/135562#M10293 ChristinaS 2019-06-01T06:42:36Z