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IRS Issues Proposed Rules on Allocation of After-Tax Amounts from Roth Accounts
Practical Law Company Link to more items from this source
[Guidance Overview]
Sept. 23, 2014
"Previously, providers were determining whether a distribution to multiple destinations should be treated as separate distributions or a single distribution. Commenters indicated that by treating distributions to multiple destinations as a single distribution, some plan providers were allowing participants to distribute the after-tax amount to one destination and the pre-tax amount to another. As a result of these comments, the proposed rules remove the current allocation rule and treat a distribution made to multiple destinations as a single distribution[.]"

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