i filled out1099r form with block 7 answered 7 - normal distribution. I am getting a form 5329 in my forms with an exception code of 12, which tells me that turbotax is not recognizing the code on the worksheet - as if the code for box 7 is 1, j or s. while i believe the correct tax is being calculated, and there is no early withdrawal penalty, i have not seen this form during prior years when i used turbotax. the other 1099r's are not doing this. any explanation?
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