Guest Michael Anderson Posted December 20, 2002 Posted December 20, 2002 Do you need to send in an automatic 20% for a minimum distribution? Or can they simply report it on their taxes? Thanks!
pmacduff Posted December 20, 2002 Posted December 20, 2002 The mandatory 20% withholding rules only apply to "eligible rollover" distributions of which 70 1/2 minimums are not. No required withhlolding....
QDROphile Posted December 20, 2002 Posted December 20, 2002 No federal withholding is required if the recipient elects no withholding. Otherwise withhholding applies, but not the 20% rate.
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