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Excess distribution

Last Updated March 20, 2009

Definition

The aggregate amount of the retirement distributions with respect to any individual during any calendar year to the extent such amount exceeds the greater of --

(A) $150,000, or
(B) $112,500

A 15% excise tax used to apply to excess distributions.

Referring Cite

IRC §  4980A ( now repealed)

Additional Helpful Information

  • Excess distribution penalties were repealed by Taxpayer Relief Act of 1997 (TRA-97)