Tax MCQ Personal Income Tax Chapter 13 Riley participates in his employer's 401(k) plan. He turns 69 years of age on February 15, 2015, and he plans on retiring on July 1, 2015. When must Riley receive his first distribution from the plan to avoid minimum distribution penalties?

Riley participates in his employer's 401(k) plan. He turns 69 years of age on February 15, 2015, and he plans on retiring on July 1, 2015. When must Riley receive his first distribution from the plan to avoid minimum distribution penalties?

Personal Income Tax Chapter 13

Riley participates in his employer's 401(k) plan. He turns 69 years of age on February 15, 2015, and he plans on retiring on July 1, 2015. When must Riley receive his first distribution from the plan to avoid minimum distribution penalties?

A. by April 1, 2015

B. by April 1, 2016

C. by April 1, 2017

D. by April 1, 2018

Answer: C

Tax MCQ

Riley participates in his employer's 401(k) plan. He turns 69 years of age on February 15, 2015, and he plans on retiring on July 1, 2015. When must Riley receive his first distribution from the plan to avoid minimum distribution penalties?

Riley participates in his employer's 401(k) plan. He turns 69 years of age on February 15, 2015, and he plans on retiring on July 1, 2015. When must Riley receive his first distribution from the plan to avoid minimum distribution penalties?

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