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Principal Funds PO Box 8024 Boston, MA 022668024 Overnight Mail: 30 Dan Road Canton, MA 020212809 8002225852 PrincipalFunds.com IRA 72(t) Distribution 1. Use this form to establish substantially equal

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What is 72t distributions?

72t distributions are a method to take penalty-free withdrawals from retirement accounts before the age of 59 1/2.

Who is required to file 72t distributions?

Individuals who want to take early withdrawals from their retirement accounts without incurring penalties.

How to fill out 72t distributions?

To fill out 72t distributions, individuals must determine the appropriate distribution amount based on IRS rules and complete IRS Form 5329.

What is the purpose of 72t distributions?

The purpose of 72t distributions is to provide a way for individuals to access their retirement savings before the age of 59 1/2 without penalties.

What information must be reported on 72t distributions?

Individuals must report the distribution amount, calculation method, and any applicable taxes on their tax return.

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