NUA Eligibility

[alfansome239]

I am trying to determine if my 401k company stock is eligible to be transferred to NUA brokerage account and have received conflicting information. Specifically I was told that if any partial distribution has been taken from the plan then it is not eligible for NUA transfer until the next "life-changing" event. Since I am past the age of 72, I have had several years of MRD distributions. So am wondering if it is eligible for the stock transfer this year?

If eligible and I perform the transfer, how is it reported in TurboTax (desktop)

[Mike9241]

without seeing the plan, I don't think your question can be answered by this forum. You should be able to get an answer from either the plan administrator or your company's human resource department (or whatever they call it)

[dmertz · Accepted solution]

The RMDs that you received after your last qualifying event and before 2024 are intervening distributions that disqualify you from using NUA treatment with respect to this plan.  Assuming that you no longer work for the employer that provides this plan, the next qualifying event would be your death after which your beneficiaries might be able to do a distribution of NUA.  (Since you are receiving RMDs from this 401(k), I assume that you no longer work for this employer.)

[alfansome239]

Hi and thanks for the response. That would answer my question.