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Hi Phil,
I know that my 401k (GE) allows participants to take the dividends as quarterly distributions. I am thinking of using that option. I am 56 and newly retired and want to preserve the option for taking GE stock under the 'company stock distribution option'. Thus allowing me to pay taxes only on the stock cost at distribution and taxes at the capital gain rates on the gains when sold later.
Would taking the dividends be considered a 'partial distribution' by the IRS. The 'stock option is, I believe, limited to lump sum distributions.
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