Situation:

Distribution processed December 2003 and 20% federal withholding was taken. The 20% w/h was not deposited until January 2004. Okay, the 2003 1099-R will reflect the distribution and withholding, but do I need to wait and report the withholding on the 2004 945?

Thanks.

p.s. Called the client and asked why the w/h was not deposited in 2003, he said "I was waiting for you to call and tell me what to do.". Go figure.

You have until 15 days after the quarter in which the distribution occurred to file the Federal Withholding along with Form 8109.

The deadline depends on your withholding schedule...not necessarily end of quarter. Anyway, how much was the withholding?

"Distribution processed December 2003"

Report it on a 2003 945, even if the withholding deposit is made late.

Thanks for your responses. Withholding was 4,200.