In general

In the case of any designated distribution which is an eligible rollover distribution—

(A) subsections (a) and (b) shall not apply, and

(B) the payor of such distribution shall withhold from such distribution an amount equal to 20 percent of such distribution.

in view

Whole section

▸rulespec code

Shown source

statutes/26/3405/c.yaml

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Rules

eligible_rollover_distribution_withholding_rate

Parameter

source: 26 USC 3405(c)(1)(B)

- name: eligible_rollover_distribution_withholding_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 3405(c)(1)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3405
            excerpt: an amount equal to 20 percent of such distribution
  versions:
    - effective_from: '1990-01-01'
      formula: '0.20'

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