Partial ROTH Solo 401k Distribution

  • So that we issue the Form 1099-R to the IRS to report the ROTH Solo 401k distribution, please complete the below on-line Roth Solo 401k distribution form.
  • If each solo 401k participant holds funds in the Roth solo 401k and will take a distribution, each needs to fill out the on-line distribution form listed below.

IMPORTANT: You first need to confirm you qualify to take solo 401k distributions by reading the following.

  • If you are over age 59 1/2, you can distribute any amounts.
  • If you are not over age 59 1/2, you can generally only distribute any amounts that were transferred/rolled over to the Roth solo 401k from other full-time employer retirement plans.
  • These are IRS statutory regulations.

20% of Mandatory Federal Taxes May Appy to Your Roth Solo 401k Distribution

If you have not had the Roth Solo 401k and are under age 59 1/2, the IRS requires that you pay 20% of federal taxes on gains, and this tax payment must be submitted electronically by YOU to the Department of the Treasury by 15th of the month following your Solo 401k distribution dateCLICK HERE to learn how to pay this required federal tax.

Accessing the Roth Solo 401k Funds

Once you complete the below distribution formVISIT HERE for how to deposit the funds from the Roth solo 401k account to your personal bank account.