In a Distribution Rollover from an IRA,the Recipient Must Contribute

question 78

True/False

In a distribution rollover from an IRA,the recipient must contribute 80 percent of the distributed amount to the new trustee in order for the rollover to be tax free.

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Definitions:

Film Industry

The sector of the entertainment industry that encompasses the production, distribution, and exhibition of films and movies.

First Movie Star

A term referring to the first cinematic actor or actress who gained widespread fame and recognition for their work in film.

Florence Lawrence

Florence Lawrence is considered the first movie star, having been the first film actress whose name was used to promote films in the early 20th century, thus pioneering celebrity endorsement in cinema.

Lillian Gish

An iconic American actress who starred in many silent films, often called "The First Lady of American Cinema," known for her collaborations with director D.W. Griffith.