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I had a qualified domestic relations order (QDRO) payout of my retirement plan to my ex-spouse last year. Do I need to report the transfer on my tax return?


ANSWER


The BIDaWIZ Team's Answer:

This is not a taxable event for you as the retirement funds only transfer to your ex-spouse. This is referenced in IRC Section 414(P) and IRS Publication 575.

The BIDaWIZ Team

 

 

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