Gadsden, Liberty, Franklin, Leon, Wakulla
3323 Thomasville Road
Tallahassee
FL
32308
Phone: (850) 656-2920
Fax: (850) 656-3272
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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.