Nonqualified Distributions. If you receive a distribution from your Xxxx XXX that does not constitute a qualified distribution, a portion of it may be taxable and may be subject to the 10% early distribution penalty tax (if you do not qualify for an exception). You must apply the ordering rules discussed above to determine whether part of your nonqualified distribution represents a taxable amount.
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Samples: Roth Individual Retirement Account Custodial Agreement, Roth Individual Retirement Account Custodial Agreement, Roth Individual Retirement Account Custodial Agreement
Nonqualified Distributions. If you receive a distribution from your Xxxx XXX that does not constitute a qualified distribution, a portion of it may be taxable and may be subject to the 10% early premature distribution penalty tax (if you do not qualify for an exception). You must apply the ordering special “ordering” rules discussed above to determine whether part of your nonqualified distribution represents a taxable amount.. Distributions Prior to Age 59½ Exempt from 10% Penalty Tax:
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Samples: Roth Individual Retirement Account Custodial Agreement
Nonqualified Distributions. If you receive a distribution from your Xxxx XXX that does not constitute a qualified distribution, a portion of it may be taxable and may be subject to the 10% early premature distribution penalty tax (if you do not qualify for an exception). You must apply the “ordering rules rules” discussed above to determine whether part of your nonqualified distribution represents a taxable amount.
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