What Are Distributions From A Retirement Plan?

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    David RacichPRO
    Fountain Hills, Arizona
    Assuming you’re addressing qualified retirement plans, all distributions are taxable as ordinary income to the plan participant. There is no basis in distributions. All distributions from a qualified plan are used in the provisional income test for Social Security benefit taxation. And distributions from qualified plans have required minimum distributions at age 70 ½.
     
    Answered on July 1, 2013
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