Common use of Repayments of Qualified Reservist Distributions Clause in Contracts

Repayments of Qualified Reservist Distributions. You may repay qualified reservist distributions (as defined by the Code and Treasury Regulations) by making one or more contributions to your IRA within two years of the end of your active duty. The aggregate amount that may be repaid may not exceed the amounts of such distributions and is in addition to other eligible contribution amounts. No tax deduction is allowed for these contributions. For more information, consult your tax advisor. Other Distributions Eligible for Repayment. Certain distributions may be repaid to your IRA. Distributions eligible for repayment include:

Repayments of Qualified Reservist Distributions. You may repay qualified reservist distributions (as defined by the Code and Treasury Regulations) by making one or more contributions to your SIMPLE IRA within two years of the end of your active duty. The aggregate amount that may be repaid may not exceed the amounts of such distributions and is in addition to other eligible contribution amounts. No tax deduction is allowed for these contributions. For more information, consult your tax advisor. Other Distributions Eligible for Repayment. Certain distributions may be repaid to your SIMPLE IRA. Distributions eligible for repayment include: