Pledging. If you pledge any portion of your Xxxx XXX as collateral for a loan, the amount so pledged will be treated as a distribution, and may be included in your gross income for the taxable year in which you pledge the assets to the extent it represents earnings. FEDERAL TAX PENALTIES
Appears in 6 contracts
Samples: Ira Agreement, d2ronhuflgo4cz.cloudfront.net, Plan Agreement
Pledging. If you pledge any portion of your Xxxx XXX as collateral for a loan, the amount so pledged will be treated as a distribution, distribution and may will be included in your gross income for the taxable year in which you pledge the assets to the extent it represents earningsthat year. FEDERAL TAX PENALTIES
Appears in 1 contract
Samples: Stratton Monthly Dividend Shares Inc
