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:

Physical Maturity

The stage of development when an individual's physical characteristics have reached the highest stage of growth according to age and genetic potential.

Sexually Mature

The stage of development where an individual or organism has reached reproductive capability.

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act, playing a critical role in self-regulation behaviors.

Frontal Lobes

Regions of the brain located at the front of each cerebral hemisphere, responsible for executive functions, decision making, and controlling voluntary movements.