Greetings Community, 

I'm helping clients who have a 2022 1099-R form showing a 194k w/d with a Box 7 Distribution Code of 1 - IRA box checked. The clients believe that because of Covid there was an exemption for the penalty incurred. They claim that the representative told them there wouldn't be a penalty when they called to make the withdrawal due to said exemption. However, I haven't been able to find anything for 2022 Covid related that would apply.  Just in case I am missing anything, I thought I would ask the group. 

Thank you! 

Dawn