Can I roll over company stock certificates or property, such as real estate or limited partnerships, that I receive from an employer-sponsored plan?
Company stock and property are treated differently. First, you must determine if your company stock or property is eligible to roll over. Your plan administrator can assist you if you are unsure. The portions of the distribution that are eligible may be directly rolled over to a traditional IRA to avoid the 20% federal income tax withholding. If you choose to take a distribution, and the distribution consists only of company stock, it will not be subject to the 20% federal income tax withholding. This applies whether or not you roll over the assets to a traditional IRA within 60 days. Eligible distributions containing property in addition to company stock will be subject to the 20% withholding requirements. If there is not sufficient cash included in the distribution to satisfy the withholding obligation, the plan administrator must either sell the property or obtain cash from you in an amount sufficient to cover the withholding. If you want to roll over the company stock you hold in y
Related Questions
- Can I roll over company stock certificates or property, such as real estate or limited partnerships, that I receive from an employer-sponsored plan?
- Can all employees receive this benefit, or is it limited to the employees enrolled in our company health plan? What about part-time employees?
- Can I roll over the 401(k) money from my prior company into my new companys 401(k) Plan?
