Taxation of Xxxx XXX Distributions. Any distribution, or portion of any distribution, which consists of the return of contributions you made to your Xxxx XXX is not subject to federal income tax. For federal income tax purposes, contributions are presumed to be withdrawn first, then conversion contributions, then earnings.
Appears in 18 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement
