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

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

  • 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.

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

  • If this Roth IRA is designated as a Roth Conversion IRA, no contributions other than IRA Conversion Contributions made during the same tax year will be accepted.

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

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

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

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

  • 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.


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. 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.
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.

Related to IRA Conversion Contributions

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • Member contributions means all amounts paid to ASRS by a member.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Employer Contributions means all amounts paid into ASRS by an

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Regular contributions means the amounts required to be

  • Accumulated contributions means the sum of all

  • Payments in lieu of contributions means the money payments to

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Local Subdivision Contribution means the Local Subdivision financial share used for the sole and express purpose for paying or reimbursing the costs certified to the Director under this Agreement for completion of the project.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Member contribution means a contribution under regulation 32;

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • After-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.