Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 15, 2021 3:56:04 PM

Why are they telliing my husband he has tto pay a 50% penalty?

My husband filed a 1099-R which was his pension plan not a disaster disbursement

0 1 78
1 Replies
Level 15
May 15, 2021 11:37:49 PM

was this an RMD? and what is the code in box 7?

a non RMD/early distribution would be subject to a 10% penalty and regular income taxes