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Level 7
May 14, 2021
Solved

Railroad Retirement code 1 for someone aged 63

  • May 14, 2021
  • 1 reply
  • 6 views

I saw this question in 2019 thread, but no answer. Next to SSN there is a code 1 which triggers a 10% penalty. Should I blithely change it to code 7 or use Form 5329 for an exception?

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Best answer by IRonMaN

Use the 5329.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
May 14, 2021

Use the 5329.

Slava Ukraini!