Which of the Following Statements Is True of a Distribution

question 5

Multiple Choice

Which of the following statements is true of a distribution rollover (not a trustee-to-trustee transfer) from a retirement plan?

• A)The taxpayer must instruct the trustee of the retirement plan to transfer assets to the trustee of another plan.
• B)No withholding is required.
• C)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.
• D)Assuming there are no unusual events, the taxpayer has a maximum of 60 days in which to transfer funds to a new plan.
• E)All of the above are true.

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Definitions:

Natural Resources

Resources that occur in the environment naturally, such as water, minerals, forests, and fossil fuels, that can be used for economic gain.

Narrative Therapists

Narrative therapists focus on helping individuals reframe their life stories, viewing problems as separate from people and believing that individuals can change their narratives to lead more fulfilling lives.

Client Stories

The narratives or accounts given by clients about their experiences or issues, used as a therapeutic tool or to understand their perspective.

Dominant Theories

The prevailing or most widely accepted theories within a scientific or academic field.