Dog
Full time employment: Posting here.
- Joined
- Apr 8, 2006
- Messages
- 880
I'm pulling together my information in preparation for doing 2015 taxes. I started a 72t in 2015 and received a 1099-R from Vanguard for the distribution. I opted to have 10% tax withheld which they show in Box 4.
However, they have distribution code 01 in Box 7 (early distribution, no known exception applies (under 591/2)). Should they have used code 02 (early distribution, exception applies) since this is a 72t?
Still reading through the instructions for form 5329, but wondering if this is an error by Vanguard?
Anyone using Vanguard for a 72t distribution?
Thanks, Dog
However, they have distribution code 01 in Box 7 (early distribution, no known exception applies (under 591/2)). Should they have used code 02 (early distribution, exception applies) since this is a 72t?
Still reading through the instructions for form 5329, but wondering if this is an error by Vanguard?
Anyone using Vanguard for a 72t distribution?
Thanks, Dog