Qualified rollover definition
Qualified rollover means a distribution of amounts from a plan, which, within 60 days of such distribution, is transferred: (1) to another qualified tuition program for the benefit of the same beneficiary, provided that it has been at least 12 months from the date of a previous transfer to a qualified tuition program for that beneficiary; (2) to another qualified tuition program (or an account in another plan) for the benefit of a member of the family of the beneficiary; or (3) to an ABLE account for the beneficiary or member of the family of the beneficiary, subject to ABLE account contribution limits. “Qualified rollover” also means a distribution from a plan made in a direct transfer-to-trustee transfer to a Roth IRA in accordance with the rules under 529(c)(3)(E) of the Internal Revenue Code.
Qualified rollover means a distribution of amounts from a plan which, within 60 days of such distribution, is transferred: (1) to another qualified tuition program for the benefit of the same beneficiary, provided that it has been at least 12 months from the date of a previous transfer to a qualified tuition
Qualified rollover means a distribution of amounts from a plan, which, within 60 days of such distribution, is transferred: (1) to another qualified tuition program for the benefit of the same beneficiary,
Examples of Qualified rollover in a sentence
Qualified rollover contributions, as described in Part F below, are not considered excess contributions.
Qualified rollover options may allow a participant to defer taxation until a later date.
Qualified rollover contributions are not subject to federal tax on the earnings, or the additional 10% tax.
Direct rollover from a designated ▇▇▇▇ contribution account to a ▇▇▇▇ ▇▇▇ Qualified rollover (conversion) into a ▇▇▇▇ ▇▇▇ from a 401(k), 403(b), 457 Plan or other Qualified Plan.
More Definitions of Qualified rollover
Qualified rollover or "Conversion Rollover" Contribution Modified AGI Limit. A "qualified" rollover contribution is a rollover contribution of a distribution from an IRA that meets the requirements of Section 408(d)(3) of the Code, except the one-rollover-per-year rule of Section 408(d)(3) of the Code, does not apply if the rollover contribution is from a traditional IRA. For taxable years beginning after 2005, a qualified rollover contribution includes a rollover from a designated ▇▇▇▇ account described in Section 402A of the Code, and for taxable years beginning after 2007, a qualified rollover contribution also includes a rollover from an eligible retirement plan described in Section 402e(c)(8)(B) of the Code.
Qualified rollover means, with respect to any
Qualified rollover. A distribution of amounts from a qualified tuition program, as defined by Section 529 of the Code which, within 60 days of such distribution, is transferred: (1) to another qualified tuition program for the benefit of the same Beneficiary, provided that it has been at least 12 months from the date of a previous transfer to a qualified tuition program for that Beneficiary; (2) to another qualified tuition program (or an Account in the IAdvisor 529 Plan or College Savings Iowa 529 Plan) for the benefit of a Member of the Family of the Beneficiary; or (3) to a Section 529A ABLE Account for the Beneficiary or Member of the Family of the Beneficiary, subject to ABLE Account contribution limits. See “Tax Treatment – Recapture” for a discussion regarding the Iowa tax treatment of Qualified Rollovers. SEC: U.S. Securities and Exchange Commission.
Qualified rollover means any amount paid from a family development account of a tax- payer into another such account established for the benefit of—