ITX - 43B Flashcards
Taxed as/rate: Life insurance dividends
Not taxable
Taxed as/rate: Qualified dividends
10% & 15% = 0%
25%, 28%, 32%, 35% = 15%
39.6% = 20%
Taxed as/rate: Money market mutual fund dividends
Ordinary income
Taxed as/rate: S-corp dividends
Ordinary income
Taxed as/rate: REIT dividends
Ordinary income
Taxed as/rate: MF distributions of STCGs and interest
Ordinary income
Taxed as/rate: Preferred stock dividends (most)
Ordinary income
Taxed as/rate: Capital gains - LT (other than collectibles and unrecaptured real estate depreciation)
10% & 15% = 0%
25%, 28%, 32%, 35% = 15%
39.6% = 20%
Taxed as/rate: Capital gains - ST
Ordinary income
Taxed as/rate: Installment sale (seller)
Each payment is part capital gain, part return of basis, and part interest (ordinary income)
Taxed as/rate: Private annuities
Each payment is part capital gain, part return of basis, and part interest (ordinary income)
Taxed as/rate: Commercial annuities - withdrawals
Ordinary income on earnings, plus 10% penalty if under age 59 1/2
Taxed as/rate: Commercial annuities - annuitized payments
Part return of basis and part ordinary income
Taxed as/rate: Life insurance withdrawals (non-MEC)
Ordinary income once basis has been exceeded
Taxed as/rate: Life insurance loans (non-MEC)
Not taxable