What are non-qualified withdrawals?

A non-qualified withdrawal is any distribution other than a qualified withdrawal or a withdrawal due to student (beneficiary) death, disability or scholarship. The earnings portion of any non-qualified withdrawal is subject to federal income tax and an additional 10 percent federal tax. The account owner is responsible for reporting all withdrawals to the IRS.

You should retain receipts, invoices or other documents and information adequate to substantiate that a particular expense is a qualified or non-qualified withdrawal. We cannot provide tax advice and encourage you to consult your own tax advisor before making a withdrawal or taking any other action regarding the Florida College Investment Plan. More.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

Related Questions