Question: is the statement regarding a 2 0 2 4 form 1 0 9 9 - r correct? taxpayer is 4 5 years old, retired in

is the statement regarding a 2024 form 1099-r correct? taxpayer is 45 years old, retired in october 2024 after 25 years of service and began taking distributions from their 401(k). taxpayer should receive a form 1099-r with code 7 in box 7?

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