What does distribution mean in retirement plan

alysiajonesalysi — Sat, 01 Jun 2019 04:41:24 GMT

A distribution from a retirement plan is a withdrawal. Wh...

KatrinaB — Sat, 01 Jun 2019 04:41:25 GMT

A distribution from a retirement plan is a withdrawal. When a taxpayer takes a distribution, he or she receives a 1099R form to file on their tax return. A taxpayer, under age 59 1/2, will owe income tax and a 10% penalty for taking a distribution. For more information about retirement account distributions, please view the Turbo Tax FAQ below.

https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/When-to-Use-Tax-Form-1099-R--Distributi...

topic What does distribution mean in retirement plan in Retirement tax questions

What does distribution mean in retirement plan

A distribution from a retirement plan is a withdrawal. Wh...