https://ttlc.intuit.com/community/retirement/discussion/not-eligible-for-exclusion-for-those-over-59-1-2-i-m-not-familiar-with-1099-r-s-and-my-father-made-a/01/577916#M54247 Wed, 05 Jun 2019 22:05:45 GMT wayneburnham 2019-06-05T22:05:45Z https://ttlc.intuit.com/community/retirement/discussion/not-eligible-for-exclusion-for-those-over-59-1-2-i-m-not-familiar-with-1099-r-s-and-my-father-made-a/01/577916#M54247 Wed, 05 Jun 2019 22:05:45 GMT https://ttlc.intuit.com/community/retirement/discussion/not-eligible-for-exclusion-for-those-over-59-1-2-i-m-not-familiar-with-1099-r-s-and-my-father-made-a/01/577916#M54247 wayneburnham 2019-06-05T22:05:45Z https://ttlc.intuit.com/community/retirement/discussion/your-father-is-eligible-for-the-exclusion-for-those-over/01/577919#M54248 <P>Your father is eligible for the exclusion for those over 59 1/2. The distribution will NOT be subject to the 10% additional early distribution tax&nbsp;after participant/IRA owner reaches age 59½. Generally, the distribution will be taxable but he will not be penalized.<BR /></P><BR /> Wed, 05 Jun 2019 22:05:47 GMT https://ttlc.intuit.com/community/retirement/discussion/your-father-is-eligible-for-the-exclusion-for-those-over/01/577919#M54248 CathiM 2019-06-05T22:05:47Z https://ttlc.intuit.com/community/retirement/discussion/so-i-do-check-the-box/01/577924#M54249 so I DO check the box? Wed, 05 Jun 2019 22:05:48 GMT https://ttlc.intuit.com/community/retirement/discussion/so-i-do-check-the-box/01/577924#M54249 wayneburnham 2019-06-05T22:05:48Z https://ttlc.intuit.com/community/retirement/discussion/re-so-i-do-check-the-box/01/2113371#M142741 <P>same, do you check the box that that says (<SPAN><FONT face="arial black,avant garde">Not</FONT> eligible for exclusion for those over age 59 1/2) even though you should not get&nbsp;</SPAN>penalized?</P><P>&nbsp;</P> Sat, 20 Mar 2021 17:02:32 GMT https://ttlc.intuit.com/community/retirement/discussion/re-so-i-do-check-the-box/01/2113371#M142741 nrivette8674 2021-03-20T17:02:32Z