- Ag Docket
(retiree's former employer distributed $438,752 from 401(k) account, with slightly over $40,000 distributed directly to petitioner and the balance rolled over to a brokerage company which were eventually used to purchase annuities with pre-tax amounts from 401(k); annuity distributions reported to taxpayer on Form 1099, but taxpayer reported only amount of distribution less amount representing "recovery for investment"; court finds that petitioner's investment in annuities was zero, and annuity payments fully taxable).
CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.