I took a distribution from my IRA before I reached age 59 ½. Will this be reflected on the Form 1099-R?
The Form 1099-R includes codes indicating the type of distribution received, including an early distribution (under age 59 ½). For more information about the codes, please refer to the Form 1099-R instructions for Box 7. Note that certain distributions may be subject to a 10% penalty in addition to income taxes. You should consult with a tax professional regarding your personal circumstances, including whether a distribution is subject to a 10% penalty.