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strangelove
Level 2
December 7, 2019
Solved

Are distributions from ESOP 404K fully taxable? Reported on 1099R Code U

  • December 7, 2019
  • 14 replies
  • 72 views
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Best answer by itonewbie

Yes, it is fully taxable but not subject to early distribution penalty.  You may want to be aware that this dividend distribution does not qualify for capital gain tax treatment either.

14 replies

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

Yes, it is fully taxable but not subject to early distribution penalty.  You may want to be aware that this dividend distribution does not qualify for capital gain tax treatment either.

---------------------------------------------------------------------------------Still an AllStar
    strangeloveAuthor
    Level 2
    December 7, 2019
    Thanks for your help- itonewbie
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