Guest LC Brosio Posted January 29, 2000 Share Posted January 29, 2000 Are retroactive payments made back to the Required Beginning Date under a defined contribution plan fully taxable in the year paid or the year they should have been paid? Link to comment Share on other sites More sharing options...
Guest JBeck Posted January 31, 2000 Share Posted January 31, 2000 Since pension distributions are taxable in the year of actual receipt, I don't think it makes a difference if a pension distribution should have been made in a prior year; I believe that the money should be taxable in the year of actual receipt. Link to comment Share on other sites More sharing options...
Guest Brian4 Posted February 4, 2000 Share Posted February 4, 2000 For regular income tax, individual taxpayers are cash basis, and the distribution is from a qualified plan, so the amounts would be taxable when paid. However, the excise tax on failure to make minimum distributions is another issue. One could file with the IRS, requesting relief. Link to comment Share on other sites More sharing options...
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