If a rollover from a retirement fund or other IRA is not made directly to a similar employer-provided retirement plan or an IRA,there will be a mandatory federal income tax withholding equal to what percent of the taxable distribution?

Question

Quizplus · Accepted Answer

The mandatory federal income tax withholding on a rollover from a retirement fund or other IRA, when not made directly to a similar employer-provided retirement plan or an IRA, is equal to 20% of the taxable distribution.

If a Rollover from a Retirement Fund or Other IRA