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Remember Your Mother! Thermal Water Ski Team/Venturing Crew 175Annual Flower Sale Time: Place:Date: Saturday, May 16, 2020 9:00 a.m. 1:00 p.m. Rome Town Hall (Highway 13 and County D) 10 Hanging BasketsPreorder
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An NUA, or Net Unrealized Appreciation, refers to the increase in value of employer stock held in a qualified retirement plan, from the time it was acquired until the time it is distributed.
Individuals who receive a distribution of employer stock from a qualified retirement plan, such as a 401(k), and want to report the net unrealized appreciation for tax purposes are required to file an NUA.
To fill out an NUA, you must report the cost basis of the stock, the fair market value at the time of distribution, and any gain realized when the stock is sold. Form 8949 may be used for reporting purposes.
The purpose of reporting NUA is to allow individuals to potentially reduce their tax liability by paying capital gains tax on the appreciation of the stock instead of ordinary income tax rates.
You must report the cost basis of the stock, the fair market value at distribution, the date of the distribution, and the date the stock is sold.
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