Qualified Distributions. Qualified distributions from your Xxxx XXX (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution that is made after the expiration of the five- year period beginning January 1 of the first year for which you made a contribution to any Xxxx XXX (including a conversion from a Traditional IRA), and is made on account of one of the following events.
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Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
Qualified Distributions. Qualified distributions from your Xxxx XXX (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution that is made after the expiration of the five- year period beginning January 1 of the first year for which you made a contribution to any Xxxx XXX (including a conversion from a Traditional IRAXXX), and is made on account of one of the following events.
Appears in 1 contract
Qualified Distributions. Qualified distributions from your Xxxx XXX (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution that which is made after the expiration of the five- year period beginning January 1 of the first year for which you made a contribution to any Xxxx XXX (including a conversion from a Traditional IRA), and • disability, • the purchase of a first home, or • death. For example, if you made a contribution to your Xxxx XXX for 2015, the five- year period for determining whether a distribution is made on account a qualified distribution is satisfied as of one of the following eventsJanuary 1, 2020.
Appears in 1 contract
Samples: Traditional Individual Retirement Custodial Account Agreement
