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Question on QRDO taxes and penalty.? |
If a spouse receives a portion of a Pension Plan fund from her Ex, rolls over into an IRA, then takes a partial distribution, what taxes and or penalties will this person be liable for. This was a part of the divorce decree. There are no taxes on transfers incident to divorce or on qualified pension to IRA rollovers. The subsequent partial distribution from the IRA is subject to regular income tax and may be subject to a 10% penalty, if less than 59 1/2 years old. |
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