Thursday, November 17, 2011

Simple Ira Distribution Home Purchase

Internal Revenue Code - Wikipedia, The Free Encyclopedia
Section 355: Distribution of stock and securities of a controlled corporation ... Read Article

Distribution Form Booklet - OppenheimerFunds.com Investor ...
To purchase a first home (up to $10,000 lifetime limit) distribution is from a SIMPLE IRA that has been funded for less than two years, the premature distribution penalty is 25% instead of 10% and cannot be rolled over to a Traditional IRA. ... Doc Retrieval

Using Tax-Deferred Funds To Purchase Service Credit
SIMPLE-IRA: After two years of participation in a SIMPLE-IRA, a rollover of the SIMPLE-IRA can be used to purchase service credit. If you have an account in one of these plans and withheld 20 percent of your distribution for federal income tax, ... Read More

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