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1099-R code for cash distribution, age 56
Appleby reacted to My 2 cents for a topic
My guess: Although the payment of an in-service distribution to an active employee age 56 is permissible because it was made when the terminating plan distributed all of its assets (otherwise it would have been prohibited), I wouldn't think that, being still employed, the participant would qualify for the exemption from the excise tax.1 point
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