Qualified distribution means a distribution from a Roth Elective Deferral Account after the Participant has satisfied a five year tax holding period and has attained age 59½, died, or become Disabled, in accordance with Code Section 402A(d). The five year tax holding period is the period of five consecutive taxable years that begins with the first day of the first taxable year in which the Participant makes a designated Roth Elective Deferral under the Plan or to another retirement plan which amount was directly rolled over to the Plan, and ends when five consecutive taxable years have been completed.

Qualified distribution means any distribution or payment by a certified capital

Qualified distribution means a withdrawal or distribution from

Examples of Qualified distribution in a sentence

Please be aware we do not report a Qualified Distribution on form 1099 R if your Xxxx XXX with the program has been opened for less than five (5) years, however if you have satisfied the five (5) year period you may report it as a Qualified Distribution by filing IRS Form 5329 along with your income tax return to the IRS.
If the distribution is not considered a Qualified Distribution, as explained above, then it will be subject to a 10% penalty imposed by the 2011 Code or 15% in case of having prepaid income taxes.
Distribution for expenses of a first- time home purchase are not reported as a Qualified Distribution by your Xxxx XXX custodian, you are required to file IRS Form 5329 along with your income tax return to the IRS to report it as a Qualified Distribution.
Distribution for expenses of a first-time home purchase is not reported as a Qualified Distribution by your Xxxx XXX custodian, you are required to file IRS Form 5329 along with your income tax return to the IRS to report it as a Qualified Distribution.
Definition: A Xxxx XXX distribution that is not a Qualified Distribution and not a timely correction of an excess contribution or a distribution from a Xxxx XXX that is rolled over to another (or the same) Xxxx XXX is known as a “Nonqualified Distribution.” As noted above, a Nonqualified Distribution is includible in taxable gross income only to the extent the distribution amount consists of earnings.

More Definitions of Qualified distribution

Qualified distribution means a distribution or payment by a certified capital company to its equity holders for any of the following:

Qualified distribution means any distribution or payment by a Virginia small business investment

Qualified distribution means a distribution from the Account that is used to pay the Qualified Disability Expenses of the Beneficiary.

Qualified distribution means any of the following:

Qualified distribution means a distribution made:

Qualified distribution means any distribution or payment not made to a participating investor or affiliate of a participating investor or to the state by a qualified TNInvestco in connection with the following: