Amount paid from a retirement plan as a reportable transaction. A distribution can be processed as a direct rollover or paid to the participant.
IRC § 401(a)(9) for RMDs, IRC § 72(t) for early distribution penalties, IRS Publication 590 for IRAs, IRS Publication 575 for qualified plans, Treas. Reg. 1.401-1(b)(1)(ii)) for triggering events
Additional Helpful Information
- A distribution that is not rolled over within 60-days must be included in the distributee’s (participant , beneficiary or alternate payee ) income for the year.