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Questions and Answers
True or false: Employer securities distributed from a retirement plan are reported on Form 1040, Schedule 1, Line 16a.
True or false: Employer securities distributed from a retirement plan are reported on Form 1040, Schedule 1, Line 16a.
False (B)
True or false: If the beneficiary of a traditional IRA distribution due to death is not the spouse of the decedent, they can defer taxes until they start taking withdrawals.
True or false: If the beneficiary of a traditional IRA distribution due to death is not the spouse of the decedent, they can defer taxes until they start taking withdrawals.
False (B)
True or false: If you receive a distribution of employer securities from a retirement plan before age 59-1/2, you don't have to pay an early withdrawal penalty.
True or false: If you receive a distribution of employer securities from a retirement plan before age 59-1/2, you don't have to pay an early withdrawal penalty.
False (B)
True or false: The tax treatment of distributions due to death is the same for all types of retirement plans.
True or false: The tax treatment of distributions due to death is the same for all types of retirement plans.
True or false: Cash distributions and in-kind distributions of employer securities are taxed differently based on the shareholder's holding period.
True or false: Cash distributions and in-kind distributions of employer securities are taxed differently based on the shareholder's holding period.
True or false: If the beneficiary of a 401(k) plan distribution due to death is the spouse of the decedent, they may be able to roll the distribution over into their own IRA.
True or false: If the beneficiary of a 401(k) plan distribution due to death is the spouse of the decedent, they may be able to roll the distribution over into their own IRA.
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