Common use of Recharacterized Contributions Clause in Contracts

Recharacterized Contributions. You may elect, in a form and manner acceptable to the Custodian, to transfer (“recharacterize”) via a trustee-to-trustee transfer of assets any annual contribution in your IRA (the “Initial IRA”), to a ▇▇▇▇ ▇▇▇ (“the Second IRA”), or vice versa. You may also elect to recharacterize an amount converted to a ▇▇▇▇ ▇▇▇ back to your IRA. Any net income attributable to a contribution or conversion that is recharacterized must be transferred to your Second IRA. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due date, including extensions, for filing your Federal income tax return (generally, April 15th) for the year for which the contribution to the Initial IRA relates. The amount(s) that is recharacterized is treated as having been originally contributed to your Second IRA on the same date and for the same taxable year that the amount was contributed to your Initial IRA. You may not reconvert an amount previously converted and recharacterized before the later of January 1 of the taxable year following the taxable year in which the conversion is made, or the end of the thirty (30) day period beginning on the day a recharacterization

Appears in 3 contracts

Sources: Ira Custodial Agreement, Retirement Account Customer Agreement, Ira Custodial Agreement

Recharacterized Contributions. You may elect, in a form and manner acceptable to the Custodian, to transfer (“recharacterize”) via a trustee-to-trustee transfer of assets any annual contribution in your IRA ▇▇▇▇ ▇▇▇ (the “Initial IRA”), to a ▇▇▇▇ ▇▇▇ another IRA (“the Second IRA”), or vice versa. Any net income attributable to a contribution that is recharacterized must be transferred to the Second IRA. You may also elect to recharacterize an amount converted to a your ▇▇▇▇ ▇▇▇ back to your IRA. Any net income attributable to a contribution or conversion that is recharacterized must be transferred to your Second an IRA. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due datedate (generally April 15), including extensions, for filing your Federal income tax return (generally, April 15th) for the year for which the contribution to the Initial IRA relates. The amount(s) that is recharacterized is treated as having been originally contributed to your the Second IRA on the same date and for the same taxable year that the amount was contributed to the your Initial IRA. You may not reconvert an amount previously converted and recharacterized before the later of January 1 of the taxable year following the taxable year in which the conversion is made, or the end of the thirty (30) day period beginning on the day a recharacterizationrecharacterization is transferred back to the Initial IRA.

Appears in 3 contracts

Sources: Ira Custodial Agreement, Retirement Account Customer Agreement, Ira Custodial Agreement

Recharacterized Contributions. You may elect, in a form and manner acceptable to the Custodian, to transfer (“recharacterize”) via a trustee-trustee- to-trustee transfer of assets any annual contribution in your IRA (the “Initial IRA”), to a ▇▇▇▇ ▇▇▇ (the Initial IRA”) to another IRA (the Second IRA”), or vice versa. Any net income attributable to a contribution that is recharacterized must be transferred to the Second IRA. You may also elect to recharacterize an amount converted to a your ▇▇▇▇ ▇▇▇ back to your IRA. Any net income attributable to a contribution or conversion that is recharacterized must be transferred to your Second an IRA. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due datedate (generally April 15), including extensions, for filing your Federal federal income tax return (generally, April 15th) for the year for which the contribution to the Initial IRA relates. The amount(s) that is recharacterized is treated as having been originally contributed to your the Second IRA on the same date and for the same taxable year that the amount was contributed to your Initial IRA. You may not reconvert an amount previously converted and recharacterized before the later of January 1 of the taxable year following the taxable year in which the conversion is made, or the end of the thirty (30) day period beginning on the day a recharacterizationrecharacterization is transferred back to the Initial IRA.

Appears in 1 contract

Sources: Roth Ira Custodial Agreement

Recharacterized Contributions. You may elect, in a form and manner acceptable to the Custodian, to transfer (“recharacterize”) via a trustee-trustee- to-trustee transfer of assets any annual contribution in your IRA (the “Initial IRA”), to a ▇▇▇▇ ▇▇▇ (the Initial ▇▇▇”) to another ▇▇▇ (the Second IRA▇▇▇”), or vice versa. Any net income attributable to a contribution that is recharacterized must be transferred to the Second ▇▇▇. You may also elect to recharacterize an amount converted to a your ▇▇▇▇ ▇▇▇ back to your IRA. Any net income attributable to a contribution or conversion that is recharacterized must be transferred to your Second IRAan ▇▇▇. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due datedate (generally April 15), including extensions, for filing your Federal federal income tax return (generally, April 15th) for the year for which the contribution to the Initial IRA ▇▇▇ relates. The amount(s) that is recharacterized is treated as having been originally contributed to your the Second IRA ▇▇▇ on the same date and for the same taxable year that the amount was contributed to your Initial IRA▇▇▇. You may not reconvert an amount previously converted and recharacterized before the later of January 1 of the taxable year following the taxable year in which the conversion is made, or the end of the thirty (30) day period beginning on the day a recharacterizationrecharacterization is transferred back to the Initial ▇▇▇.

Appears in 1 contract

Sources: Roth Ira Custodial Agreement

Recharacterized Contributions. You may elect, in a form and manner acceptable to the Custodian, to transfer (“recharacterize”) via a trustee-trustee- to-trustee transfer of assets any annual contribution in your IRA ▇▇▇▇ ▇▇▇ (the “Initial IRA”), to a ▇▇▇▇ ▇▇▇ another IRA (“the Second IRA”), or vice versa. Any net income attributable to a contribution that is recharacterized must be transferred to the Second IRA. You may also elect to recharacterize an amount converted to a your ▇▇▇▇ ▇▇▇ back to your IRA. Any net income attributable to a contribution or conversion that is recharacterized must be transferred to your Second an IRA. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due datedate (generally April 15), including extensions, for filing your Federal federal income tax return (generally, April 15th) for the year for which the contribution to the Initial IRA relates. The amount(s) that is recharacterized is treated as having been originally contributed to your the Second IRA on the same date and for the same taxable year that the amount was contributed to the your Initial IRA. You may not reconvert an amount previously converted and recharacterized before the later of January 1 of the taxable year following the taxable year in which the conversion is made, or the end of the thirty (30) day period beginning on the day a recharacterizationlater

Appears in 1 contract

Sources: Roth Ira Custodial Agreement

Recharacterized Contributions. You may elect, in a form and manner acceptable to the Custodian, to transfer (“recharacterize”) via a trustee-to-trustee transfer of assets any annual contribution in your IRA (the “Initial IRA”), to a ▇▇▇▇ ▇▇▇ (the “Initial ▇▇▇”), to another ▇▇▇ (“the Second IRA▇▇▇”), or vice versa. Any net income attributable to a contribution that is recharacterized must be transferred to the Second ▇▇▇. You may also elect to recharacterize an amount converted to a your ▇▇▇▇ ▇▇▇ back to your IRA. Any net income attributable to a contribution or conversion that is recharacterized must be transferred to your Second IRAan ▇▇▇. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due datedate (generally April 15), including extensions, for filing your Federal income tax return (generally, April 15th) for the year for which the contribution to the Initial IRA ▇▇▇ relates. The amount(s) that is recharacterized is treated as having been originally contributed to your the Second IRA ▇▇▇ on the same date and for the same taxable year that the amount was contributed to the your Initial IRA▇▇▇. You may not reconvert an amount previously converted and recharacterized before the later of January 1 of the taxable year following the taxable year in which the conversion is made, or the end of the thirty (30) day period beginning on the day a recharacterizationrecharacterization is transferred back to the Initial ▇▇▇.

Appears in 1 contract

Sources: Roth Ira Custodial Agreement