72t/1040

Submitted by Greg Spencer on Mon, 2020-04-13 15:46

If I take SEPP/72t distributions how do I report that on my 1040 to show that I do not owe the 10% penalty?

Thanks



Submitted by Alan - IRA critic on Mon, 2020-04-13 16:58

You file Form 5329 and enter exception code 02 on line 2 of the 5329. Most IRA custodians no longer provide the 2 code on the 1099R, therefore the IRS is used to seeing Form 5329 added.

Add new comment

Log in or register to post comments