Will I be taxed on my 401(k) division?

401k Tax 401k tax

The Court has ordered that my 401(k) retirement account be divided.  Will I be taxed on this division?

No. This account will be divided via a document called a Qualified Domestic Relations Order (QDRO) which makes the transfer a tax and penalty free transfer.

If you want answers to your questions and/or concerns call 888-648-2929 to set up a consultation.

#AskDrewThursday #GonserLaw  #StatewideLawfirm #DelawareFamilyLaw

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