Wondering if I make a withdrawal from my QDRO account will I need to claim that as investment income on my taxes. And if I do take a withdrawal from my QDRO will I loose my earned income tax credit?
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The distribution is considered income so even though it is not "investment" income it will reduce or eliminate the EIC credit. And if you put the QDRO into an IRA then simply refer to it as an IRA distribution since there is no such thing as a QDRO account... the QDRO was just the kind of non taxable distribution not an investment account.
The distribution is considered income so even though it is not "investment" income it will reduce or eliminate the EIC credit. And if you put the QDRO into an IRA then simply refer to it as an IRA distribution since there is no such thing as a QDRO account... the QDRO was just the kind of non taxable distribution not an investment account.
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