robhen
Level 1
06-01-2021
10:13 AM
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Financial advisor told my client to stop SEPP payments at the end of 5 years but the client was not yet 59 1/2. The entire SEPP is now subject to the 10% early withdrawal penalty and interest. His 2020 1099-R shows Code 1. The first 4 years were filed with a 1099-R with Code 2.