Common use of Taxation of Distributions Clause in Contracts

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tions, all IRA distribution amounts will be included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) x (Amount Withdrawn) = Amount Excluded Aggregate IRA Balance From Income NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that have not previously been withdrawn and excluded from income. Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all IRA distribution amounts will be included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) x (Amount Withdrawn) = Amount Excluded From Income Aggregate IRA Balance From Income NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that have not previously been withdrawn and excluded from income. Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all IRA distribution amounts will be included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) x (Amount Withdrawn) Aggregate IRA Balance = Amount Excluded Aggregate IRA Balance From Income NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that have not previously been withdrawn and excluded from income. Also note that the aggregate IRA balance includes the total balance of balanceof all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all IRA distribution amounts will be included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. : (Aggregate Nondeductible Contributions) x (Amount Withdrawn) = Amount Excluded from Income Aggregate IRA Balance From Income NOTENote: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that have not previously been withdrawn and excluded from income. Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all any IRA distribution amounts will be fully included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) / Aggregate IRA Balance x (Amount Withdrawn) = Amount Excluded Aggregate IRA Balance From Income from Income‌ NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that (which have not previously been withdrawn and excluded from income). Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all any IRA distribution amounts will be fully included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) x (Amount Withdrawn) = Amount Excluded from Income Aggregate IRA Balance From Income NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that (which have not previously been withdrawn and excluded from income). Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all any IRA distribution amounts will be fully included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) / Aggregate IRA Balance x (Amount Withdrawn) = Amount Excluded Aggregate IRA Balance From from Income NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that (which have not previously been withdrawn and excluded from income). Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all IRA distribution amounts will be included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) x (Amount Withdrawn) = Amount Excluded Aggregate IRA Balance From Income NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that have not previously been withdrawn and excluded from income. Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all IRA distribution amounts will be included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) x X (Amount Withdrawn) Aggregate IRA Balance = Amount Excluded Aggregate IRA Balance From Income NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that have not previously been withdrawn and excluded from income. Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all IRA distribution amounts will be included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. ( (Aggregate Nondeductible Contributions) x X (Amount Withdrawn) ) / Aggregate IRA Balance = Amount Excluded Aggregate IRA Balance From Income NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that have not previously been withdrawn and excluded from income. Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all IRA distribution amounts will be included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) x (Amount Withdrawn) Aggregate IRA Balance = Amount Excluded Aggregate IRA Balance From Income NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that have not previously been withdrawn and excluded from income. Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.

Taxation of Distributions. The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contribu- tionscontributions, all any IRA distribution amounts will be fully included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions) x (Amount Withdrawn) = Amount Excluded from Income Aggregate IRA Balance From Income NOTENote: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution that (which have not previously been withdrawn and excluded from income). Also note that the aggregate IRA balance includes the total balance of all of your Traditional and SIMPLE IRAs as of the end of the year of distribution and any distributions occurring during the year.