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<blockquote data-quote="Dustyroads" data-source="post: 575160" data-attributes="member: 22610"><p>Box 7 on a 1099-R statement is a code for any exception, or no exception, to the additional 10% tax. There are exceptions, such as if a person becomes disabled, or as in the case of public service workers, firemen and police can retire at 50 without penalty, as it is perceived that they are a high stress, dangerous job.</p><p> </p><p>Hoax, are you thinking of box 7 on a 1099-R? It would have a code 1,2,3, or 4. It's not a dollar amount.</p><p> </p><p>Hoax, aren't you a high level manager down there in Atlanta? Why don't you contact whomever is handling the pension distributions for the new UPS pension plan, and ask them how they are coding early distributions on the 1099-R form, box 7?</p></blockquote><p></p>
[QUOTE="Dustyroads, post: 575160, member: 22610"] Box 7 on a 1099-R statement is a code for any exception, or no exception, to the additional 10% tax. There are exceptions, such as if a person becomes disabled, or as in the case of public service workers, firemen and police can retire at 50 without penalty, as it is perceived that they are a high stress, dangerous job. Hoax, are you thinking of box 7 on a 1099-R? It would have a code 1,2,3, or 4. It's not a dollar amount. Hoax, aren't you a high level manager down there in Atlanta? Why don't you contact whomever is handling the pension distributions for the new UPS pension plan, and ask them how they are coding early distributions on the 1099-R form, box 7? [/QUOTE]
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