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072717bub
New Member

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

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 

 

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