IRA Conversion Contributions definition

IRA Conversion Contributions means amounts rolled over, transferred, or considered transferred from a nonRoth IRA to a Roth IRA. A nonRoth IRA is an individual retirement account or annuity described in section 408(a) or 408(b), other than a Roth IRA.

IRA Conversion Contributions means amounts rolled over, transferred, or considered transferred from a nonRoth IRA to a Xxxx XXX. A nonRoth IRA is an individual retirement account or annuity described in section 408(a) or 408(b), other than a Xxxx XXX.

IRA Conversion Contributions means amounts rolled over, transferred, or considered transferred from a Traditional IRA to a Roth IRA.

Examples of IRA Conversion Contributions in a sentence

• In the case of a conversion, the Custodian will not accept IRA Conversion Contributions in a tax year if the Depositor’s AGI for the tax year the funds were distributed from the other IRA exceeds $100,000 or if the Depositor is married and files a separate return.

• Adjusted gross income is defined in section 408A(c)(3) and does not include IRA Conversion Contributions.

• IRA Conversion Contributions are amounts rolled over, transferred, or considered transferred from a nonRoth IRA to a Roth IRA.

• IRA Conversion Contributions are amounts rolled over, transferred, or considered transferred from a nonRoth IRA to a Xxxx XXX.

• DEFINITIONS Conversion Contributions - IRA Conversion Contributions are amounts rolled over, transferred, or considered transferred from a non-Roth IRA to a Roth IRA.

• IRA Conversion Contributions are amounts rolled over, transferred, or considered transferred from a non-Roth IRA to a Roth IRA.

• Adjusted gross income is defined in Section 408A(c)(3) and does not include IRA Conversion Contributions.

• IRA Conversion Contributions – IRA conversion contributions are amounts rolled over, transferred, or considered transferred from a nonRoth IRA to a Xxxx XXX.

• DEFINITIONS IRA Conversion Contributions – IRA conversion contributions are amounts rolled over, transferred, or considered transferred from a nonRoth IRA to a Xxxx XXX.

• In the case of a conversion, the trustee will not accept IRA Conversion Contributions in a tax year if the grantor’s AGI for the tax year the funds were distributed from the other IRA exceeds $100,000 or if the grantor is married and files a separate return.

More Definitions of IRA Conversion Contributions

IRA Conversion Contributions means amounts rolled over, transferred, or considered transferred from a Traditional IRA to a Xxxx XXX.

IRA Conversion Contributions are amounts rolled over, transferred or converted from any IRA that is not a Xxxx XXX to a Xxxx XXX. To simplify the identification of funds distributed from Xxxx IRAs, you are encouraged to maintain IRA Conversion Contributions for each tax year in a separate Xxxx XXX.

IRA Conversion Contributions are amounts rolled over, transferred or converted from any IRA that is not a Xxxx XXX to a Xxxx XXX. To simplify the identification of funds distributed from Xxxx IRAs, you are encouraged to maintain IRA Conversion Contributions for each tax year in a separate Xxxx XXX. Special rules apply to SIMPLE IRAs. You may only roll over or transfer amounts from a SIMPLE IRA to your Xxxx XXX after the expiration of a two-year period beginning on the date you first participated in your employer's SIMPLE plan. If you attempt to roll over amounts held in a SIMPLE IRA to an IRA that is not a SIMPLE IRA before that time expires, you will not receive the favorable tax treatment accorded rollovers. CAN I MOVE MONEY FROM ANOTHER RETIREMENT PLAN INTO A XXXX XXX? Only amounts held in a Regular IRA or another Xxxx XXX may be rolled into your Xxxx XXX. Amounts which were previously distributed from another retirement plan or Section 403(b) contract or custodial account and then were rolled into a rollover IRA may be rolled into your Xxxx XXX. IF I ROLL OVER A DISTRIBUTION FROM MY EXISTING IRA INTO MY FIRST OMAHA FUNDS XXXX XXX, AM I TAXED ON THE DISTRIBUTION? If you make a qualified rollover contribution of the distribution from your existing IRA to your Xxxx XXX, the amount that would have been included in your income as a result of the distribution from your existing IRA had it not been rolled over will be included in your gross income in the year in which the rollover occurs. However, you will not be subject to the 10% additional tax on early distributions under Section 72(t). Additionally, if you roll over a distribution from your existing IRA into a Xxxx XXX before January 1, 1999, the amount that would be required to be included in your gross income will be included ratably over the taxable four year period beginning with the taxable year in which the payment or distribution is made. Keep in mind that you may only make a rollover into a Xxxx XXX if your adjusted gross income, or the adjusted gross income of you and your spouse if filing jointly, does not exceed $100,000. Additionally, you may not make a rollover into a Xxxx XXX if you are a married individual filing a separate return.