Meaning Section 1035 exchange
What does Section 1035 exchange mean? Here you find 5 meanings of the word Section 1035 exchange. You can also add a definition of Section 1035 exchange yourself
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Section 1035 exchangeThis refers to a part of the Internal Revenue Code that allows owners to replace a life insurance or annuity policy without creating a taxable event.
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Section 1035 exchangeThis refers to a section of the Internal Revenue Code that allows an owner of a Life Insurance or annuity policy to exchange one contract for another without creating a taxable event. A Life Insurance policy may be exchanged for another Life Insurance policy or for an annuity, but an annuity can only be exchanged for another annuity.
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Section 1035 exchangeSection 1035 exchange is the name for a tax-free trade of one annuity contract for another, as defined by Section 1035 of the U.S. tax code. Such a trade must involve the same policyholder on both con [..]
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Section 1035 exchangeSection 1035 exchange is a class of financial transaction in which a life insurance or annuity policy is replaced for a new one without any taxable event. There are several classes of exchanges under [..]
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Section 1035 exchangeThis refers to a part of the Internal Revenue Code that allows owners to replace a life insurance or annuity policy without creating a taxable event.
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