- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Unfortunately, you cannot avoid the 10% early withdrawal penalty if you are not aged over 59 1/2 and the distributions from the retirement plan were for living expenses.
The IRS says:
A spouse or former spouse who receives QDRO benefits from a retirement plan reports the payments received as if he or she were a plan participant.
Please read this IRS document:https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-qdro-qualified-dome...
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 1, 2019
6:54 AM