Nontaxable Distributions

Nontaxable Distributions

A general term applied to stock dividend distributions that are not taxable. These distributions generally take the form of return of capital, stock dividends, stock splits, and/or tax-free distributions.
References in periodicals archive ?
That investment includes total premiums paid minus nontaxable distributions such as dividends, outstanding loans and previous tax-free withdrawals.
He argued that if they were nontaxable distributions, he had no tax deficiency as a result of his receipt of the funds, and consequently he could not be convicted of criminal tax evasion.
The IRS however, may recharacterize what S corporations classify as nontaxable distributions as wages and salaries subject to employment taxes.
To the extent an employee recognizes income when contributions are made to the trust, the employee has a basis for tax purposes, resulting in nontaxable distributions at retirement.
Distributions designated as return-of-capital are not taxed as ordinary income dividends and are sometimes referred to as tax-free dividends or nontaxable distributions.
To the extent such distributions are designated as return-of-capital distributions, they are not taxed as ordinary income dividends and are sometimes referred to as tax-free dividends or nontaxable distributions.
1368(c)(3) (covering nontaxable distributions made after the accumulated adjustments account (AAA) and AE&P have been distributed).
Capital contributions made during the loss year would increase stock basis and would allow larger nontaxable distributions and loss deductions.
In addition, the taxpayer may have basis adjustments for nontaxable distributions and for any long-term capital gains that may be retained by the fund.
002925 (included in Total Capital Gain Distribution) Nontaxable Distributions $0.
00360 (included in Qualified 5 Year Gain & Pre-May 6 Long Term Rate Gain) Nontaxable Distributions $0.
The Form 1099 for calendar 2001 for common shareholders includes an allocation of certain dividends as nontaxable distributions and as capital gain distributions.