Excess distribution

Definition

The aggregate amount of the retirement distributions with respect to any individual during any calendar year to the extent such amount exceeds the greater of --

(A) $150,000, or
(B) $112,500

A 15% excise tax used to apply to excess distributions.

Referring Cite

IRC §  4980A ( now repealed)

Additional Helpful Information

• Excess distribution penalties were repealed by Taxpayer Relief Act of 1997 (TRA-97)

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