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URL:  https://boards.fool.com/peter-i-think-the-bigger-question-here-is-does-16579790.aspx

Subject:  Re: Tax question Date:  1/29/2002  12:13 PM
Author:  DWSZ Number:  57821 of 129666

Peter:

I think the bigger question here is does his 1099 reflect the proper code for early (I assume) distribution. If it doesn't say 3 (I think -- it's explained on the back of the form) there will be a 10% penalty + taxes if none were taken out at the time of withdrawal.

I've gone through this. It can get messy if not done correctly.

Regards,
DWSz
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