Form 1099-R Box 7a
Code 1: Early distribution, no known exception
The payer believes the recipient was under age 59½ and does not know of an exception.
Usual federal tax treatment
The taxable amount is generally ordinary income and may also face the 10% additional tax.
What to do next
Enter the distribution on Form 1040 and use Form 5329 if you claim an exception the payer did not know about.
Estimate this distribution
Enter Box 1, Box 2a, Box 4, your age, other income, and code 1 to estimate taxable income and possible additional tax.
Open the 1099-R calculator