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All of the following are true about retirement plan distributions, EXCEPT?Generally, distributions from a qualified retirement plan ( other than cost basis ) are taxable

All of the following are true about retirement plan distributions, EXCEPT?Generally, distributions from a qualified retirement plan (other than cost basis) are taxable in the year receivedDistributions should be reported to the taxpayer on Form 1099-RDistributions, including earnings, are excluded from taxable income at retirementTaxpayers can take distributions from retirement plans at any time but may be subject to tax and/or penalties

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