401 K Early distribution?

[MargaretMort]

Here I am again! Client received a 1099-R for total distribution of his 401-K. The distribution code is 1. He is 64 yrs old, why would he have to pay 10% penalty? If I am right, do I just change the code? I didn't find anything that indicated this was a premature distribution. This was a company plan and the company closed it.

Thanks as always. MM

[ljwalters]

use the 5329 and use code 1 on line 2 of part I

Linda and buddy

[MargaretMort]

Thanks, Linda and Buddy! Solved my problem quickly. May your rest be restful and give you strength to carry on for the next 7 days. MM