Escambia, Santa Rosa, Okaloosa, Walton
5336 Stewart St.
Milton
FL
32570
Phone: (850) 623-0407
Fax: (850) 623-4993
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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.