I am an investor.  I called the UMB or the bank holding the money and sending the 1099, they told me that it is not setup as an IRA.  They told me to talk to my Accountant for tax advice.  I received a payment which I chose to reinvest but I was sent a 1099R.  If this is not setup as an IRA, I don't have to pay early distribution penalties, right?  I am trying to file my taxes via turbotax but the person that I spoke to said that I was being charged the penalty.