Jhagan
Nov 30 1999, 11:20 AM
Is it correct that when you receive a RMD, you can choose the amount of withholding or no withholding at all since an RMD is not an eligible Rollover Distribution? Further, is this also the case for any 457 - Deferred Compensation distribution since any distribution from a 457 plan is not an Eligible Rollover Distribution?
Michael Devault
Nov 30 1999, 12:43 PM
Correct on both issues, assuming the taxpayer is not subject to backup withholding.