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What types of distributions are subject to the 20% withholding requirement?

April 26, 2017distributions requirement Subject types

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What types of distributions are subject to the 20% withholding requirement?

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Any distribution from a qualified retirement plan or a 403(b) arrangement that is eligible to be rolled over but is not paid directly to a traditional IRA or other eligible retirement plan is subject to 20% federal income tax withholding.