Santa Rosa, Escambia
3927 Highway 4, Suite 103
Jay
FL
32565
Phone: (850) 918-4801
Fax: (850) 918-4802
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The member generally does not recognize Nonqualified Allocated Surplus as taxable income until it is redeemed or retired in cash.
The member generally recognizes the allocation as taxable income in the year the notice of allocation is received.