CCH Personal Tax
Non-Qualifying Distributions
This document explains non-qualifying distributions and loans written off in financial reporting. Non-qualifying distributions refer to certain securities or bonus issues that, while taxable, incur a lower tax rate. Loans written off by close companies also count as income unless the taxpayer is at the basic tax rate. The document provides guidance on how to enter details for both non-qualifying distributions and loans written off in a specific reporting section, including step-by-step instructions for inputting data and the required fields.