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us/statute/26/3405/c — Eligible rollover distributions · Axiom

Eligible rollover distributions

1 rule0 of 3 subsections

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(1) In general

(1)In general#

In the case of any designated distribution which is an eligible rollover distribution—

(A) subsections (a) and (b) shall not apply, and

(B) the payor of such distribution shall withhold from such distribution an amount equal to 20 percent of such distribution.

(2)Exception#

Paragraph (1)(B) shall not apply to any distribution if the distributee elects under section 401(a)(31)(A) to have such distribution paid directly to an eligible retirement plan.

(3)Eligible rollover distribution#

For purposes of this subsection, the term “eligible rollover distribution” has the meaning given such term by section 402(f)(2)(A).

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Encodings · 1

eligible_rollover_distribution_withholding_rate26 USC § 3405 (c) · parameter

26 USC 3405(c)(1)(B)

name: eligible_rollover_distribution_withholding_rate
kind: parameter
dtype: Rate
source: 26 USC 3405(c)(1)(B)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/26/3405
          excerpt: an amount equal to 20 percent of such distribution
versions:
  - effective_from: '1990-01-01'
    formula: '0.20'

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statutes/26/3405/c.yaml

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Rules

eligible_rollover_distribution_withholding_rate

Parameter

source: 26 USC 3405(c)(1)(B)

- name: eligible_rollover_distribution_withholding_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 3405(c)(1)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3405
            excerpt: an amount equal to 20 percent of such distribution
  versions:
    - effective_from: '1990-01-01'
      formula: '0.20'

▸citations (2)

References

This rule cites 2 other rules.

26 USC § 401 (a)(31)(A)inferredUS Federal › Statutes › Title 26 › § 401 › (a)(31)(A)
26 USC § 402 (f)(2)(A)inferredUS Federal › Statutes › Title 26 › § 402 › (f)(2)(A)