Sidney, age $45,$ has accumulated a sizeable $$250,000$ in his employer sponsored plan. He takes out $$20,000$ of this money from the varlable annulty used to fund the plan, and although he really intends to pay it back, six years pass without him starting a repayment plan. Will he be getting a $1099$ for the $$20,000$ distribution, even though he signed loan forms when he took it out?

A$.$ Yes.

B$.$ No$.$

C$.$ No$,$ if he signs an intent letter to commence repayment within one more year.

D$.$ Yes, after $5-$year minimum wait.