Guest Christie Loeslein Posted December 29, 2011 Report Share Posted December 29, 2011 If a plan terminates and the loans not paid back are treated as distributions, are these considered involuntary therefore exempt from the early withdrawal penalty? My guess is no but I cannot find this in black and white. Thanks! Link to comment Share on other sites More sharing options...
rcline46 Posted December 29, 2011 Report Share Posted December 29, 2011 Involuntary distributions are not in the exceptions to the 10% excise tax, so the tax applies. Link to comment Share on other sites More sharing options...
Guest Christie Loeslein Posted December 29, 2011 Report Share Posted December 29, 2011 Thank you. Link to comment Share on other sites More sharing options...
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