Early Distributions
early distributions
Instructions for Form 5329 (2012)
http://www.irs.gov/pub/irs-pdf/i5329.pdf
Line 2
The additional tax on early distributions does not apply to the distributions described below. Enter on line 2 the amount that can be excluded. In the space provided, enter the applicable exception number (01-12).
No. Exception
01
Qualified retirement plan distributions
(does not apply to IRAs) you receive after separation from service in or after the year you reach age 55 (age
50 for qualified public safety employees). 02
Distributions made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from an employer plan, payments must begin after separation from service).
03
Distributions due to total and permanent disability.
04
Distributions due to death (does not apply to modified endowment contracts). 05
Qualified retirement plan distributions up to (1) the amount you paid for unreimbursed medical expenses during the year minus (2) 7.5% of your adjusted gross income for the year. 06
Qualified retirement plan distributions made to an alternate payee under a qualified domestic relations order
(does not apply to IRAs).
07
IRA distributions made to unemployed individuals for health insurance premiums.
08
IRA distributions made for higher education expenses.
09
IRA distributions made for purchase of a first home, up to $10,000.
10
Distributions due to an IRS levy on the qualified retirement plan.
Dear Lesly,
Here is my Report for the week.
I did:
- studied IRS Volunteer Tax Exams for AARP
- Read more WIPA information
- Answered phones
- Assisted visitors
- Read professional news
Please let me know if you have questions,
11
Qualified distributions to reservists while serving on active duty for at least 180 days.
12
Other (see
Other
below). Also, enter
Instructions for Form 5329 (2012)
http://www.irs.gov/pub/irs-pdf/i5329.pdf
Line 2
The additional tax on early distributions does not apply to the distributions described below. Enter on line 2 the amount that can be excluded. In the space provided, enter the applicable exception number (01-12).
No. Exception
01
Qualified retirement plan distributions
(does not apply to IRAs) you receive after separation from service in or after the year you reach age 55 (age
50 for qualified public safety employees). 02
Distributions made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from an employer plan, payments must begin after separation from service).
03
Distributions due to total and permanent disability.
04
Distributions due to death (does not apply to modified endowment contracts). 05
Qualified retirement plan distributions up to (1) the amount you paid for unreimbursed medical expenses during the year minus (2) 7.5% of your adjusted gross income for the year. 06
Qualified retirement plan distributions made to an alternate payee under a qualified domestic relations order
(does not apply to IRAs).
07
IRA distributions made to unemployed individuals for health insurance premiums.
08
IRA distributions made for higher education expenses.
09
IRA distributions made for purchase of a first home, up to $10,000.
10
Distributions due to an IRS levy on the qualified retirement plan.
Dear Lesly,
Here is my Report for the week.
I did:
- studied IRS Volunteer Tax Exams for AARP
- Read more WIPA information
- Answered phones
- Assisted visitors
- Read professional news
Please let me know if you have questions,
11
Qualified distributions to reservists while serving on active duty for at least 180 days.
12
Other (see
Other
below). Also, enter