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February 10, 2024
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What if I didn't take money out before retirement but the code number 1 entered on 1099-R box 7 indicates I did?

  • February 10, 2024
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Best answer by dmertz

Code 1 means a distribution before age 59½.  The has nothing to do with whether or not you consider yourself to be retired.

1 reply

dmertzAnswer
Employee
February 10, 2024

Code 1 means a distribution before age 59½.  The has nothing to do with whether or not you consider yourself to be retired.