Early Distributions

Topics: Life expectancy, 1912, 1918 Pages: 3 (479 words) Published: July 18, 2015
early distributions

Instructions for Form 5329 (2012)


Line 2
The additional tax on early distributions
does not apply to the distributions
described below. Enter on line 2 the
amount that can be excluded. In the
space provided, enter the applicable
exception number (01-12).

No. Exception
Qualified retirement plan distributions
(does not apply to IRAs) you receive
after separation from service in or
after the year you reach age 55 (age
50 for qualified public safety
Distributions made as part of a series
of substantially equal periodic
payments (made at least annually) for
your life (or life expectancy) or the
joint lives (or joint life expectancies)
of you and your designated
beneficiary (if from an employer plan,
payments must begin after separation
from service).
Distributions due to total and
permanent disability.
Distributions due to death (does not
apply to modified endowment
Qualified retirement plan distributions
up to (1) the amount you paid for
unreimbursed medical expenses
during the year minus (2) 7.5% of
your adjusted gross income for the
Qualified retirement plan distributions
made to an alternate payee under a
qualified domestic relations order
(does not apply to IRAs).
IRA distributions made to
unemployed individuals for health
insurance premiums.
IRA distributions made for higher
education expenses.
IRA distributions made for purchase
of a first home, up to $10,000.
Distributions due to an IRS levy on
the qualified retirement plan.

Dear Lesly,

Here is my Report for the week.

I did:

- studied IRS Volunteer Tax Exams for AARP

- Read more WIPA information

- Answered phones

- Assisted visitors

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Please let me know if you have questions,

Qualified distributions to reservists
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