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The difference is in the delivery of the items being apportioned. When a portion is allocated to a recipient, it is virtually reserved for that recipient - but not necessarily delivered to them and may still be held by the allocator. If the portion is distributed, then the recipient has actually received the portion that was allocated to them. This is the difference as determined under U.S. federal tax laws, as I understand it. It should be remembered that an allocation or distribution can be in both directions, i.e. even as assets can be apportioned to recipients, so debts or liabilities can be apportioned to those deemed responsible for them.

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Q: What is the Difference between allocation and distribution?
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