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 ▇▇▇ (the “Initial ▇▇▇”), to a ▇▇▇▇ ▇▇▇ (“the Second ▇▇▇”), or vice versa. You may also elect to recharacterize an amount converted to a ▇▇▇▇ ▇▇▇ back to your ▇▇▇. Any net income attributable to a contribution or conversion that is recharacterized must be transferred to your Second ▇▇▇. 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

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, AprilApril 15th) for the year for which the contribution to the Initial IRA relates.