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 4 contracts
Samples: Custodial Agreement, Custodial Agreement, 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 4 contracts
Samples: Custodial Agreement, Custodial Agreement, 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
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 incomeMiscellaneous. There are no special averaging rules applicable Other Considerations with Respect to distributions made directly from your the Account.
Appears in 1 contract
Samples: 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