Skip to main content
April 24, 2021
Question

Turbotax is classifying my withdrawal as an early withdrawal, but I am 67.

  • April 24, 2021
  • 1 reply
  • 0 views
Why do I have an early withdrawal penalty if I am 67?

1 reply

April 24, 2021

You are correct, you should not have a 10% early withdrawal penalty. 

 

What is the code in box 7 of your 1099-R? Is this from a 401k, traditional IRA or Roth IRA?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"