What is the name of your state? ky
I had someone bring in two 1099R today, this is their only income. Received this as part of their divorce settlement. One is coded as 1 early distribution no exception apply but the other one is coded as 2 early distribution exception apply. I think this must be wrong. They are from two different account at different places. How would you handle this?? Do you know anyway this wouldn't be subject to 10% penatly. She is only 36, but she is applying for disability, but I think it was after she received this money.
Any thoughs would be appreciated.
Sharon
I had someone bring in two 1099R today, this is their only income. Received this as part of their divorce settlement. One is coded as 1 early distribution no exception apply but the other one is coded as 2 early distribution exception apply. I think this must be wrong. They are from two different account at different places. How would you handle this?? Do you know anyway this wouldn't be subject to 10% penatly. She is only 36, but she is applying for disability, but I think it was after she received this money.
Any thoughs would be appreciated.
Sharon