Review this scenario.

Is the statement regarding a $2024$ Form $1099-$R correct?

Is this a correct option?

Taxpayer is $35$ years old and received a distribution from their late parent's $401(kg)$ as part of the estate settlement. Tapayer was receive a Form $1099-$R with Code $4$ in Box $7.$

$(3)$ This question may have more than one sub$-$question, which will be delivered one at a time on confirmulon of your answer:

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