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    lilienthal's Avatar
    lilienthal Posts: 2, Reputation: 1
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    #1

    Oct 7, 2010, 11:49 AM
    Form 1040NR in any case?
    Distribution from IRA after age 59 1/2 from a German National who used to live and work in the US until year 2000. Planned yearly distribution approx $ 5.000.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Oct 8, 2010, 09:29 AM
    Yes, you would need to file Form 1040NR to claim the distribution as income. Due to your age, there is NO 10% Early Withdrawal Penalty.

    At $5,000 per year, the tax would be 10% ($500) under current tax rates.
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