401K early withdrawal in Cares Act

  • #3550298
    James 69.***.242.54 613

    401K early withdrawal in Cares Act 에 관해 문의드립니다.

    Q7. May I repay a coronavirus-related distribution?

    A7. In general, yes, you may repay all or part of the amount of a coronavirus-related distribution to an eligible retirement plan, provided that you complete the repayment within three years after the date that the distribution was received. If you repay a coronavirus-related distribution, the distribution will be treated as though it were repaid in a direct trustee-to-trustee transfer so that you do not owe federal income tax on the distribution.

    If, for example, you receive a coronavirus-related distribution in 2020, you choose to include the distribution amount in income over a 3-year period (2020, 2021, and 2022), and you choose to repay the full amount to an eligible retirement plan in 2022, you may file amended federal income tax returns for 2020 and 2021 to claim a refund of the tax attributable to the amount of the distribution that you included in income for those years, and you will not be required to include any amount in income in 2022. See sections 4.D, 4.E, and 4.F of Notice 2005-92 for additional examples.

    위 내용은 IRS에 있는 coronavirus-related distribution repayment에 관한 질문에 대한 답변입니다. 답변에 보면 3년안에 retirement plan에서 withdrawal 금액을 모두 갚으면 더이상 내야 할 연방 소득세는 없다고하는데…이 의미는 이전년도에 관련해서 부과된 소득세를 돌려 받는다는 의미인가요? 아니면 단지 더이상 추가 소득이 아니니 tax claim 할 때 보고할 필요가 없다는 건가요? 좀 혼란스럽네요. 혹시 전문가분 계시면 답변 부탁드립니다.

    • JSTA 24.***.26.227

      401-K를 early distribution 한 경우 2020, 2021, 2022 이렇게 3개 년도에 1/3씩 소득으로 보고하되, 만약 2022년에 이를 100% 다시 갚는경우, 2020 & 2021년 텍스보고서는 수정보고 (amended tax, 1040X)를 해서 더 낸 income tax 를 돌려받고, 2022년 텍스보고서에는 1/3 early distribution 한 금액을 소득으로 보고하지 않아도 된다는 뜻 입니다 (2023년 4/15일까지 보고하는 거므로).

      JS Tax & Accounting Services, LLC
      info@jstaxaccounting.com
      http://www.jstaxaccounting.com
      Tel:925-400-8258

      • James 69.***.242.54

        답변 고맙습니다. 많은 도움이 되었습니다.

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