Qualified Distribution

Qualified Distribution

A tax-exempt payment made to an annuitant from a Roth IRA. In order to be qualified, a distribution must occur at least five years after the Roth IRA was established and the annuitant must be at least 59.5 years old (unless there are extenuating circumstances such as a disability). A distribution is qualified because the contributions to the IRA are not deducted from the annuitant's taxable income.
References in periodicals archive ?
Councilor Joshua Alim said the national government should take over the power distribution in the area covered by PECO "until such time that another qualified distribution utility may come in.
A qualified distribution is any payment from a Roth IRA made after the 5-year period beginning with the first taxable year of a contribution to a Roth IRA, and
As stated earlier, any qualified distribution from a Roth IRA is not includible in gross income.
For some clients who need to tap into some of this money before reaching qualified distribution status this treatment is less favorable than that offered by Roth IRAs.
Contributions to tax-free accounts are made after you pay tax on the income, but are withdrawn tax free later as long as you make a qualified distribution.
A distribution may also be a qualified distribution if it is made to an individual's beneficiary or estate after his death, or if distribution is attributable to the individual's disability.
Under the Electric Power Industry Reform Act, subtransmission assets will be operated and maintained by Transco until their disposal to qualified distribution utilities.
aim at providing qualified distribution partners with training and authorisation
As the pioneers of SSL content scanning we enjoy continued high demand for our SCIP SSL content proxy and with the recent release of our XSG XML Security Gateway we needed a highly qualified distribution partner to assist and support our channel partners and end users in the Middle East.
If the assets started out in a Roth account inside a retirement plan, "the amount rolled over is not includible in the distributee's gross income, whether or not the distribution is a qualified distribution from the designated Roth account," officials write.
In other words, a qualified distribution is any distribution made after the 5-year "nonexclusion period" and after the participant has (a) reached age 59 1/2, (b) died, or (c) become disabled.
A qualified distribution is considered to consist entirely of basis.

Full browser ?