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ldlefiti2009
New Member

My company closed their profit sharing plan and distributed less than $200 to me. Is this taxable income?

 
1 Best answer

Accepted Solutions
SweetieJean
Level 15

My company closed their profit sharing plan and distributed less than $200 to me. Is this taxable income?

Yes it is. They will send you a 1099-R.

View solution in original post

1 Reply
SweetieJean
Level 15

My company closed their profit sharing plan and distributed less than $200 to me. Is this taxable income?

Yes it is. They will send you a 1099-R.

View solution in original post

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