Year of inclusion in gross income
(1) In general
(1)In general#
Any amount of compensation deferred under an eligible deferred compensation plan, and any income attributable to the amounts so deferred, shall be includible in gross income only for the taxable year in which such compensation or other income—
(A) is paid to the participant or other beneficiary, in the case of a plan of an eligible employer described in subsection (e)(1)(A), and
(B) is paid or otherwise made available to the participant or other beneficiary, in the case of a plan of an eligible employer described in subsection (e)(1)(B).
(1)(A)#
is paid to the participant or other beneficiary, in the case of a plan of an eligible employer described in subsection (e)(1)(A), and
(1)(B)#
is paid or otherwise made available to the participant or other beneficiary, in the case of a plan of an eligible employer described in subsection (e)(1)(B).
(2)Special rule for rollover amounts#
To the extent provided in section 72(t)(9), section 72(t) shall apply to any amount includible in gross income under this subsection.
(3)Special rule for health and long-term care insurance#
In the case of a plan of an eligible employer described in subsection (e)(1)(A), to the extent provided in section 402( l ), paragraph (1) shall not apply to amounts otherwise includible in gross income under this subsection.