5 ms·
Sorry, it's §25.2511-1(h) in Title 26 of the C.F.R., which contains regulations created by the Treasury. In the spouse scenario, technically the withdrawals wo
by dlubarov 6y ago
Sorry, it's §25.2511-1(h) in Title 26 of the C.F.R., which contains regulations created by the Treasury.
In the spouse scenario, technically the withdrawals would be subject to gift tax, but the entire amount can be deducted if the spouse is a U.S. citizen. And the gift tax paperwork (Form 709) doesn't actually have to be filed (unless there were other gifts).