Delaware Special Tax Computation for Distribution from Qualified Retirement Plan

Special Tax Computation for Distribution from Qualified Retirement Plan
TY18_329_GL_20180809_1.47pm2020

FORM 329

Page 1

Delaware Special Tax Computation for Lump Sum
Distribution from Qualified Retirement Plan

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Lump Sum Distributions
This form applies, in the case of someone who is not self-employed, only when the distribution was made:
-Due to the participant's death;
-Due to the participant's separation from employment; or
-After the participant had attained age 59 1/2
In the case of a self-employed person, this form applies only when the distribution was made:
-Due to the participant's death;
-After the participant had attained age 59 1/2
-The participant was previously disabled.
THIS FORM DOES NOT APPLY WHEN YOUR DISTRIBUTION WAS:
-Rolled over;
-An early distribution including an early distribution received for medical, education or housing exclusions; or
-Subject to the early withdrawal penalty on Line 58 of your Federal Form 1040.
LAST NAME(S) AS SHOWN ON RETURN

YOUR FIRST NAME

YOUR SOCIAL SECURITY NUMBER

SPOUSE'S LAST NAME (IF APPLICABLE)

SPOUSE'S FIRST NAME (IF APPLICABLE)

SPOUSE'S SOCIAL SECURITY NUMBER (IF APPLICABLE)

Enter capital gain portion of distribution from Box 3 of Form 1099R...............................

Enter ordinary income portion of distribution from Box 2a of Form 1099R......................

Add Lines 1 and 2............................................................................................................

Death benefit exclusion allowed on Federal Form 4972..................................................

Subtract Line 4 from Line 3..............................................................................................

Current actuarial value of annuity (if applicable, see Federal instructions).....................

Total taxable amount of distribution. Add Lines 5 and 6.................................................

Enter 10% of Line 7 (Multiply Line 7 by .10)....................................................................

Compute the tax on Line 8 (use Tax Rate Schedule or Table for Form 200)..................

10. Multiply the amount on Line 9 by ten...............................................................................

10.

11. Enter 10% of Line 6 (Multiply Line 6 by .10)....................................................................

11.

12. Compute the tax on Line 11 (use Tax Rate Schedule or Table for Form 200)................

12.

13. Multiply the amount on Line 12 by ten.............................................................................

13.

14. Subtract Line 13 from Line 10..........................................................................................

14.

15. Divide Line 2 by Line 3 and enter result as a decimal (rounded to at least two places)..

15.

16. Tax on ordinary income portion of distribution (Multiply Line 14 by decimal on Line 15
and enter on Form 200-01, Line 7, or Form 400, Line 9)................................................

16.

ATTACH FORM 329 AND FORM 4972 TO FORM 200 OR FORM 400
(Rev. 11/2020)

*DF30320019999*
DF30320019999

Extracted from PDF file 2023-delaware-form-329.pdf, last modified August 2018

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More about the Delaware Form 329 Corporate Income Tax TY 2023

We last updated the Special Tax Computation for Distribution from Qualified Retirement Plan in February 2024, so this is the latest version of Form 329, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 329 directly from TaxFormFinder. You can print other Delaware tax forms here.

Other Delaware Corporate Income Tax Forms:

TaxFormFinder has an additional 64 Delaware income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form 1100	Corporate Income Tax Return Tax Return
Form 700	Delaware Income Tax Credit Schedule Tax Credit
Form 5403	Real Estate Tax Return - Declaration of Estimated Income Tax Estimated
Form 1100-EXT (2014)	Corporation Income Tax - Request For Extension Extension
Form 1100S	S Corporation Reconciliation And Shareholders Return

Download all DE tax forms View all 65 Delaware Income Tax Forms

Form Sources:

Delaware usually releases forms for the current tax year between January and April. We last updated Delaware Form 329 from the Division of Revenue in February 2024.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Delaware Form 329

We have a total of eleven past-year versions of Form 329 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form 329

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2021 Form 329

TY18_329_GL_20180809_1.47pm

2020 Form 329

TY18_329_GL_20180809_1.47pm

2019 Form 329

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2017 Form 329

329

2016 Form 329