Taxation of Xxxx XXX Distributions. A distribution from a Xxxx XXX which consists of the return of your contributions is not subject to federal income tax. Xxxx XXX distributions that include earnings may be subject to federal income tax if the distribution is not a qualified distribution. General information on Xxxx XXX distributions is provided below, you may wish to review IRS Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx. Our customer service representatives are not able to provide tax advice, if you have questions about whether a distribution includes any amount subject to federal income please speak with a qualified tax professional.
Appears in 6 contracts
Samples: Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement
