No Special Tax Treatment. No distribution to you or anyone else from your Account can qualify for capital gain treatment under the Federal income tax laws. The taxable portion of the distribution is taxed to the person receiving it as ordinary income. There are no special averaging rules applicable to distributions made directly from your Account.
Appears in 5 contracts
Samples: Roth Ira Custodial Agreement, Retirement Account Customer Agreement, Ira Custodial Agreement
No Special Tax Treatment. No distribution to you or anyone else from your Account can qualify for capital gain treatment under the Federal federal income tax laws. The taxable portion of the distribution is taxed to the person receiving it as ordinary income. There are no special averaging rules applicable to distributions made directly from your Account.
Appears in 5 contracts
Samples: Retirement Account Customer Agreement, Roth Ira Custodial Agreement, Ira Custodial Agreement
No Special Tax Treatment. No distribution to you or anyone else from your Account account can qualify for capital gain treatment under the Federal federal income tax laws. The taxable portion of the distribution is taxed to the person receiving it such distribution as ordinary income. There are no special averaging rules applicable to distributions made directly from your Accountaccount.
Appears in 1 contract
Samples: Custodial Agreement
No Special Tax Treatment. No distribution to you or anyone else from your Account can qualify for capital gain treatment under the Federal federal income tax laws. The taxable portion of the distribution is taxed to the person receiving it as ordinary income. There are no special averaging rules applicable to distributions made directly from your Account.tax
Appears in 1 contract
Samples: Simple Ira Custodial Agreement
No Special Tax Treatment. No distribution to you or anyone else from your Account can qualify for capital gain treatment under the Federal federal income tax laws. The taxable portion of the distribution is taxed to the person receiving it such distribution as ordinary income. There are no special averaging rules applicable to distributions made directly from your Account.
Appears in 1 contract
Samples: Custodial Agreement
