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457 Required Minimum Distribution Withholding


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1 reply to this topic

#1 Jhagan

Jhagan

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Posted 30 November 1999 - 11:20 AM

Is it correct that when you receive a RMD, you can choose the amount of withholding or no withholding at all since an RMD is not an eligible Rollover Distribution? Further, is this also the case for any 457 - Deferred Compensation distribution since any distribution from a 457 plan is not an Eligible Rollover Distribution?

#2 Michael Devault

Michael Devault

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Posted 30 November 1999 - 12:43 PM

Correct on both issues, assuming the taxpayer is not subject to backup withholding.