![]() ![]() Distributions made as part of a series of substantially equal periodic payments over your life expectancy or the life expectancies of you and your designated beneficiary.Distributions made because you're totally and permanently disabled.Distributions made to your beneficiary or estate on or after your death.For a complete list, look at the Appendix for Notice 2020-62 PDF. The exceptions below apply to distributions from a qualified plan other than an IRA. There are certain exceptions to this 10% additional tax. 413 and visit Do I Need to Report the Transfer or Rollover of an IRA or Retirement Plan on My Tax Return? ![]() For more information on rollovers, refer to Topic No. Exceptions to the 10% Additional Taxĭistributions that aren't taxable, such as distributions that you roll over to another qualified retirement plan, aren't subject to this 10% additional tax. However, any distribution attributable to amounts the section 457 plan received in a direct transfer or rollover from one of the qualified retirement plans listed above would be subject to the 10% additional tax. In general, an eligible state or local government section 457 deferred compensation plan isn't a qualified retirement plan and any distribution from such plan isn't subject to the 10% additional tax on early distributions.
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