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Question 9 1 pts Which of the following descriptions of a regular rollover from a qualified plan to a traditional IRA is CORRECT? Amounts rolled
Question 9 1 pts Which of the following descriptions of a regular rollover from a qualified plan to a traditional IRA is CORRECT? Amounts rolled over are taxable according to rules governing the source of contribution. Mandatory withholding of 20% for federal income tax applies in the event of the employee participant's physical possession of the amount rolled over. The rollover amount to the IRA is limited to $5.500 (2018). cat generally must be completed within 90 days of the date of distribution from the previous plan. Question 9 1 pts Which of the following descriptions of a regular rollover from a qualified plan to a traditional IRA is CORRECT? Amounts rolled over are taxable according to rules governing the source of contribution. Mandatory withholding of 20% for federal income tax applies in the event of the employee participant's physical possession of the amount rolled over. The rollover amount to the IRA is limited to $5.500 (2018). cat generally must be completed within 90 days of the date of distribution from the previous plan
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