(Solved by Humans)-Which of the following statements is true of a distribution
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Which of the following statements is true of a distribution rollover (not a trustee-to-trustee transfer) from a retirement plan?
| Assuming there are no unusual events, the taxpayer has a maximum of 60 days in which to transfer funds to a new plan. |
| The taxpayer must withold 35% for federal taxes. |
| The taxpayer must instruct the trustee of the retirement plan to transfer assets to the trustee of another plan. |
| All of the above are true. |
| In one year, there is no limit to the number of times a taxpayer can request a distribution rollover from one IRA to another IRA. |
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This question was answered on: 10 May, 2025
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