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

Currently 4.6190/5 Stars.
1
2
3
4
5

1547 Ans.

SEARCH QUESTIONS

Tax Question?

Get Expert answers to your tax and finance questions.

Tax Deductions

Will A Roth IRA Conversion Trigger Self Emplolyment Tax?

My Employer Just Said That My 2008 W-2 Form Is Wrong!

More Dollars Going To New York Sales Tax.

Entries published weekly
on the BIDaWIZ Blog

Learn More

ABOUT SSL CERTIFICATES

The BIDaWIZ experts specialize in:

We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions

Personal Tax

401K

QUESTION DETAIL

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?

The BIDaWIZ Team

Accounting

Business Tax

Personal Tax

Business Finance

Personal Finance