Income taxes must be paid when distributions are taken from most qualified retirement plans.

Name: Income taxes must be paid when distributions are taken from most qualified retirement plans.
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Distributions taken from most qualified retirement plans, such as traditional IRAs, 401(k)s, and 403(b)s, are generally subject to income taxes. However, there are exceptions for certain types of distributions, such as qualified Roth IRA distributions and loans from certain types of plans.

Income Taxes Must Be Paid When Distributions Are Taken from Most