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72(t) Start Date Impact on Taxes

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Bychuck

L1: 72(t) Start Date Impact on TaxesI was looking at starting a 72(t) in January of 2004 so that the SEPP (annual amount) would match the Federal tax year for 2004. I’m considering moving it back 1 month to December 2003 to be able to use the 4.39% October interest rate. What is the impact on taxes? How is the annual distribution taxed?I would like to receive the annual amount in monthly installments.2003-10-20 09:19, By: Chuck, IP: [127.0.0.1]
L2: 72(t) Start Date Impact on TaxesYou would be taxed on the amout distributed in you tax year.2003-10-21 06:08, By: Gfw, IP: [127.0.0.1]

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