Funding Distribution. If you are an HSA eligible individual, you may be eligible to do a tax-free transfer of IRA assets to your HSA. This transfer, which is referred to as a qualified HSA funding distribution, is subject to HSA contribution limits. You must irrevocably elect to treat such distribution as a qualified HSA funding distribution. Generally, you are limited to one qualified HSA funding distribution from any of your Traditional or Xxxx IRAs during your lifetime. For assistance in determining to what extent you may be eligible to make a qualified HSA funding distribution, consult your tax advisor.
Appears in 9 contracts
Samples: Traditional Individual Retirement Account Custodial Agreement, Traditional Individual Retirement Account Custodial Agreement, Traditional Individual Retirement Account Custodial Agreement
Funding Distribution. If you are an HSA eligible individual, you may be eligible to do a tax-free transfer of IRA XXX assets to your HSA. This transfer, which is referred to as a qualified HSA funding distribution, is subject to HSA contribution limits. You must irrevocably elect to treat such distribution as a qualified HSA funding distribution. Generally, you are limited to one qualified HSA funding distribution from any of your Traditional or Xxxx IRAs during your lifetime. For assistance in determining to what extent you may be eligible to make a qualified HSA funding distribution, consult your tax advisor.
Appears in 3 contracts
Samples: Traditional and Roth Individual Retirement Account Custodial Agreement, Traditional and Roth Individual Retirement Account Custodial Agreement, Traditional and Roth Individual Retirement Account Custodial Agreement
Funding Distribution. If you are an HSA eligible individual, you may be eligible to do a tax-free transfer of IRA XXX assets to your HSA. This transfer, which is referred to as a qualified HSA funding distribution, is subject to HSA contribution limits. You must irrevocably elect to treat such distribution as a qualified HSA funding distribution. Generally, you are limited to one qualified HSA funding distribution from any of your Traditional or Xxxx IRAs during your lifetime. For assistance in determining to what extent you may be eligible to make a qualified HSA funding distribution, consult your tax advisor.. TAX TREATMENT OF XXX CONTRIBUTIONS
Appears in 1 contract
Samples: Traditional and Roth Individual Retirement Account Custodial Agreement
Funding Distribution. If you are an HSA eligible individual, you may be eligible to do a tax-free transfer of IRA assets to your HSA. This transfer, which is referred to as a qualified HSA funding distribution, is subject to HSA contribution limits. You must irrevocably elect to treat such distribution as a qualified HSA funding distribution. Generally, you are limited to one qualified HSA funding distribution from any of your Traditional or Xxxx IRAs during your lifetime. For assistance in determining to what extent you may be eligible to make a qualified HSA funding distribution, consult your tax advisor.. TAX TREATMENT OF IRA CONTRIBUTIONS
Appears in 1 contract
Samples: Traditional Individual Retirement Account Custodial Agreement
