In article <4813a0bf$0$20201$4c368faf[at]roadrunner.com> ,
Billy <billnospamever1234543[at]aol.com> wrote:
- quote -


Correction:
That should be http://irs.gov/pub/irs-pdf/p575.pdf


- quote -



ArtKamlet at a o l dot c o m Columbus OH K2PZH

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Confusing to me, if a person leaves a job at 55, can he take his 401K funds
without penalty? Does the plan administrator have to code the 1099
differently? Where is good, clear explanation on this problem?

tks all

bill


========================================= MODERATOR'S COMMENT:
Yes, see page 30 of http://www.irs.gov/pub/irs-pdf/p4302.pdf
When this applies, the plan administrator should code box 7 of form 1099R
as 2 until you reach age 59 1/2

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >