scrabbler1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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- Nov 20, 2009
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My dad's investment advisor told me yesterday that there is a new form for tax withholding from non-periodic and eligible rollover distributions. It is called W-4R. It's a short form, just your personal info and a percentage of the distribution you want to have withheld for federal taxes. There are specific rules for default withholding rates, depending on the type of distribution and where you live (U.S. or non-U.S.). The form goes to the payer of the distribution, the way a W-4 goes to your employer.
Here is a link to the form: https://www.irs.gov/pub/irs-pdf/fw4r.pdf
Many of us enter a withholding percentage into an investment company's website. Does this mean we have to complete this form, too? Or might the company's website somehow take that info and create a Form W-4R automatically?
Here is a link to the form: https://www.irs.gov/pub/irs-pdf/fw4r.pdf
Many of us enter a withholding percentage into an investment company's website. Does this mean we have to complete this form, too? Or might the company's website somehow take that info and create a Form W-4R automatically?