Rollover Contributions Accepted. (a) The Program accepts Rollover Contributions to the extent allowed by Section 529 of the Code. (b) Direct Rollover Contributions involve the transfer of money directly to the Program. (c) Indirect Rollover Contributions involve the withdrawal of money before transferring the money to the Program. (d) Until the Program receives documentation indicating the portion of the Rollover Contribution attributable to earnings, the entire amount of the Rollover Contribution will be treated as earnings, which would be subject to taxation in the case of a Non- Qualified Withdrawal.
Appears in 4 contracts
Samples: Florida 529 Savings Plan Program Description and Participation Agreement, Florida 529 Savings Plan Program Description and Participation Agreement, Florida 529 Savings Plan Program Description and Participation Agreement
Rollover Contributions Accepted. (a) The Program accepts Rollover Contributions to the extent allowed by Section 529 of the Code.
(b) Direct Rollover Contributions involve the transfer of money directly to the Program.
(c) Indirect Rollover Contributions involve the withdrawal of money before transferring the money to the Program.
(d) Until the Program receives documentation indicating the portion of the Rollover Contribution attributable to earnings, the entire amount of the Rollover Contribution will be treated as earnings, which would be subject to taxation in the case of a Non- Qualified Withdrawal.Contribution
Appears in 1 contract
Samples: Florida 529 Savings Plan Program Description and Participation Agreement
