A distribution can be moving money from one retirement plan to another. However, when a distribution occurs the money is said to be cleansed when moving to an IRA from an employer sponsored plan. However, although the money has been cleansed the money can be moved back to the original plan if the money has not been co-mingled or "dirtied" by other types of monies..
Distributions from a conduit or rollover IRA to qualified plans
Distributions from an IRA to a qualified plan must be indirect (60 day) rollovers.
| STATES | WITHOLDS TAXES | NOT WITHOLD TAXES |
| ALAMBAMA | NO | |
| ALASKA | NO | |
| ARIZONA | NO | |
| ARKANSAS | NO | |
| CALIFORNIA | YES | |
| CONNECTICUT | NO | |
| COLORADO | NO | |
| DELAWARE | YES | |
| FLORIDA | ||
| GEORGIA | YES OR | NO |
| HAWAII | ||
| IDAHO | ||
| ILLIONOIS | ||
| INDIANA | NO | |
| IOWA | YES | |
| KANSAS | YES | |
| KENTUCKY | ||
| LOUSIANA | ||
| MAINE | YES | |
| MARYLAND | NO | |
| MASSACHUSETTS | YES | |
| MICHIGAN | NO | |
| MINNESOTA | ||
| MISSISSIPI | ||
| MISSOURI | NO | |
| MONTANA | NO | |
| NEBRASKA | NO | |
| NEW JERSEY | NO | |
| NEW MEXICO | NO | |
| NEW YORK | NO | |
| OHIO | NO | |
| OKLAHOMA | YES | |
| OREGON | YES | |
| UTAH | NO | |
| VERMONT | YES | |
| WISCONSIN | NO | |
| FROM $ | TO $ | TAX RATE | ADDITIONAL TAX |
| 0 | 2650.00 | 0% | |
| 2,650.00 | 27,850.00 | 15% | |
| 27,850.00 | 59,900.00 | 28% | |
| 59,900.00 | 134,200.00 | 31% | |
| 134,200.00 | 289,950.00 | 36% | |
| 289,950.00 up | 39.60% | ||
| FROM $ | TO $ | TAX RATE | ADDITIONAL TAX |
| 0 | 6450.00 | 0% | |
| 6450.00 | 48400.00 | 15% | |
| 48,400.00 | 101,000.00 | 28% | |
| 101,000.00 | 166,000 | 31% | |
| 166,000.00 | 292,900.00 | 36% | |
| 292,900.00 AND UP | 39.60% | ||
| BOX 7 OF 1099R | MEANING OF NUMBER IN BOX 7 IN 1099R FORM | EXPLANATION OF NOTES FOR 1099R FORM |
| 1L | DEEMED NOT MEETING TRIGERING EVENT | EARLY DISTRIBUTION FOR LOAN |
| 2L | ACTUAL - WHEN THEY DO MEET TRIGGERING EVENT | EARLY DISTRIBUTION |
| 7L | DEEMED WHEN THEY DONT MEET TRIGGERING EVENT | EARLY DISTRIBUTION LOAN |
| 1 | EARLY DISTRIBUTION | MONIES TAKEN PRIOR TO 59 1/2 10% PENALTY UNLESS FILE 5329 FORM |
| 2 | EARLY DISTRIBUTION | MONIES TAKE PRIOR TO 59 1/2 BUT QUALIFY FOR EXCEPTION |
| 3 | DISABILITY DISTRIBUTION | DISABILITY DISTRIBUTION |
| 4 | DEATH DISTRIBUTION | DEATH |
| 7 | OVER 59 1/2 DISTRIBUTION | MOST COMMON TYPE OF DISTRIBTION |
| 8 | EXCESS CONTRIBUTIONS OR EXCESS DEFERALS | TOO MUCH MONIES CONTRIBUTED TO RETIREMENT PLAN |
| D | 1996 EXCESS CONTRIBUTIONS | OR ANNUAL ADDITIONS |
| E | EXCESS ANNUAL ADDITIONS | EXCESS ANNUAL ADDITIONS |
| L | TAXABLE LOAN | LOAN NOT PAYED BACK |
| P | 1997 EXCESS CONTRIBUTIONS | EXCESS DEFERALS TAXABLD IN PRIOR YEAR |
| G | ROLL TO IRA DESIGNATION | DESIGNATES NON-TAXABLE |
| H | ROLL TO IRA DESIGNATION | DESIGNATES NON-TAXABLE |
| 
| 
| 
|
 GUESS WHAT I AM HER RIGHT NOW OKC DASDFASD ASDFASDF
|