Sentences with phrase «amount distributed»

Even though amounts distributed for the above reasons are exempt from the early - distribution penalty, they may still be subject to federal and state tax.

If you want to defer taxes on the full amount distributed to you, you will have to add funds from another source equal to the 20 % withheld.

These bonuses declared in the tenure of the retirement policy get accumulated and the lump sum amount distributed to the insured party when the policy matures.

If you are talking about line 8, that is the actual amount converted (the actual amount distributed from Traditional and contributed to Roth).

If the monthly amount distributed exceeds the Portfolio's net income and net realised capital gains, such excess will constitute a return of capital.

Input the annual percentage amount distributed as capital gains into cell B40.

You can not rollover any part of the total amount distributed into your own IRA and thereby avoid taxation on the money.

If the monthly amount distributed exceeds the Portfolio's net income and net realized capital gains, such excess will constitute a return of capital.

The final yearly amounts distributed to schools through the Florida School Recognition Awards are determined after school grades are finalized.

If I had done a regular rollover and it was either my second of the year, or I didn't do the rollover within the 60 day window, any previously untaxed amounts distributed from the IRA would need to be added to my gross income, and I may be subject to the 10 % early withdrawal tax on the amounts included in gross income as well.

As Distributions to the IRA Beneficiary Amounts distributed from an inherited IRA are not subject to penalty.

The reinvested amount is equal to the total dividend amount distributed to persons residing in the country of the dividend - paying company.

Determine the taxable amounts distributed (withdrawn), distributions, and contributions by grouping and adding them together as follows.

Fund recipients are selected and amounts distributed at least quarterly.

Amounts distributed as a QCD can be counted toward satisfying your RMD amount for the year, up to $ 100,000, and can also be excluded from your taxable income.

Amounts distributed from an ESA that exceed the child's qualified education expenses may be subject to income tax and to an additional 10 percent penalty tax.

Distributions for qualified education expenses are tax - free but amounts distributed for non-education expenses will incur penalties and income taxes.

Because Carlyle Holdings I GP Inc. must pay taxes and make payments under the tax receivable agreement, the amounts ultimately distributed by The Carlyle Group L.P. to common unitholders are expected to be less, on a per unit basis, than the amounts distributed by the Carlyle Holdings partnerships to the limited partners of the Carlyle Holdings partnerships in respect of their Carlyle Holdings partnership units.

Lastly, in the event of your death, the amounts distributed to your designated Roth IRA beneficiary are not subject to taxes.

This means, as a result of the funds being removed, your custodian will issue an IRS Form 1099, and you'll be required to pay income taxes on the amount distributed (otherwise known as a taxable distribution).

A variety of reasons explain the gap between the amount of food needed and the amount distributed, Maehr said.

So the amount distributed to «gainers» will be balanced by the amount schools will be allowed to lose in a single year.

«For each county board in a county in which a public charter school is authorized by the Maryland Public Charter School Authority established pursuant to Title 9 of this article, the State shall deduct from the State share of the foundation program any amount distributed directly to a public charter school pursuant to § 9 — 109 of this article.»

Lastly, in the event of your death, the amounts distributed to your designated Roth IRA beneficiary are not subject to taxes.

No tax is due on a distribution from a QTP unless the amount distributed is greater than the beneficiary's adjusted qualified education expenses.

For this reason, the amount distributed to you is not the same as the amount on which you have to pay tax.

The tax code provides that any amount distributed to a pensioner from a qualified pension plan will be taxable to the recipient in the year distributed.

I did read that in the calculation of modified adjusted gross income (MAGI) the amounts distributed from deferred accounts were not included.

The student will not owe tax when the funds are distributed to the extent the amount distributed is not greater than the student's qualified education expenses.

Amounts distributed as a QCD can be counted toward satisfying your RMD amount for the year, up to $ 100,000, and can also be excluded from your taxable income.

You owe taxes on the profit reported on the Schedule K, not the amounts distributed.

If the amount distributed exceeds the Fund's net income and net realized capital gains, such excess will constitute a return of capital.

An amount distributed out of a company's profits to its shareholders in proportion to the number of shares they hold.

Assuming there were no after - tax contributions to your 401 (k), if you want to minimize tax implications, you should re-deposit the amount distributed into a Traditional IRA within 60 days of the distribution, as a «rollover» (not regular contribution).

The amount distributed will be taxed as regular income but there will be no penalty.

If you are the beneficiary of a deceased person's IRA, amounts you distribute from the inherited IRA are not subjected to early - distribution penalties.

As is the case with common stocks, the distribution of capital gains and dividends decreases the net asset value (NAV) of the fund by the amount distributed.

For Class T4, Class T6, and Class T8 units, it is likely that a greater proportion of the amount distributed will constitute a return of capital, when compared to Class A units.

Amounts distributed from an ESA that exceed the child's qualified education expenses in a taxable year may be subject to income tax and to an additional 10 percent penalty tax.

All of the amounts distributed are then usually subject to ordinary income tax rates.

Any amount distributed from a Coverdell ESA isn't taxable if it is rolled over to another Coverdell ESA for the benefit of the same beneficiary or a member of the beneficiary's family (including the beneficiary's spouse) who is under age 30.

The judge acknowledged that while the taxpayer did, indeed, receive the funds «as a result of his father's death and while generally the receipt of an amount distributed from an estate does not in itself trigger tax, there are two important considerations here.»

If the Fund earns less than the amount distributed, the difference is a return of capital.

If the Fund earns less than the amounts distributed, the difference is a return of capital.

For Class T4 and Class T6 units, it is likely that a greater proportion of the amount distributed will constitute a return of capital, when compared to Class A units.

Your gift will help lost and homeless animals and you may exclude the amount distributed to HOV from your gross income.

When a shareholder wants to pull money out of the fund, how is the manager making sure that the amount distributed represents the fair value of the shareholder's piece of the pie?

Although most ordinary life policies do not permit withdrawals, as such, if a withdrawal of cash values is permitted or the policy is partially surrendered, the amount distributed is taxed under the cost recovery rule.