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UPS Discussions
Thrift Plan/UPS stock-10 percent tax?
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<blockquote data-quote="brett636" data-source="post: 145587" data-attributes="member: 249"><p>You learn something new everyday. Just make sure that when you take those distributions that the people managing the 401k know that because you will still recieve a 1099R for that money you will withdraw, an it has a code on there that tells the IRS how its supposed to be treated. If they don't code it right the IRS may still try to hit you with the 10% penalty.</p></blockquote><p></p>
[QUOTE="brett636, post: 145587, member: 249"] You learn something new everyday. Just make sure that when you take those distributions that the people managing the 401k know that because you will still recieve a 1099R for that money you will withdraw, an it has a code on there that tells the IRS how its supposed to be treated. If they don't code it right the IRS may still try to hit you with the 10% penalty. [/QUOTE]
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Thrift Plan/UPS stock-10 percent tax?
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