Recharacterizations. If you make a contribution to a Traditional XXX and later recharacterize either all or a portion of the original contribution to a Xxxx XXX along with net income attributable, you may elect to treat the original contribution as having been made to the Xxxx XXX. The same methodology applies when recharacterizing a contribution from a Xxxx XXX to a Traditional XXX. If you have converted from a Traditional XXX to a Xxxx XXX you may recharacterize the conversion along with net income attributable back to a Traditional XXX. The deadline for completing a recharacterization is your tax filing deadline (including any extensions) for the year for which the original contribution was made or conversion completed.
Appears in 8 contracts
Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
Recharacterizations. If you make a contribution to a Traditional XXX and later recharacterize either all or a portion of the original contribution to a Xxxx XXX along with net income attributable, you may elect to treat the original contribution as having been made to the Xxxx XXX. The same methodology applies when recharacterizing a contribution from a Xxxx XXX to a Traditional XXX. If you have converted from a Traditional XXX to a Xxxx XXX you may recharacterize the conversion along with net income attributable back to a the Traditional XXX. The deadline for completing a recharacterization is your tax filing deadline (including any extensions) ), for the year for which the original contribution was made or conversion completed.
Appears in 6 contracts
Samples: Ira Agreement, Ira Plan Agreement, Roth Ira Plan Agreement
Recharacterizations. If you make a contribution to a Traditional XXX and later recharacterize either all or a portion of the original contribution to a Xxxx XXX along with net income attributable, you may elect to treat the original contribution as having been made to the Xxxx XXX. The same methodology applies when recharacterizing a contribution from a Xxxx XXX to a Traditional XXX. If you have converted from a Traditional XXX to a Xxxx XXX you may recharacterize the conversion along with net income attributable back to a Traditional XXX. The deadline for completing a recharacterization is your tax filing deadline (including any extensions) for the year for which the original contribution was made or conversion completedmade. You may not recharacterize a Xxxx XXX conversion.
Appears in 5 contracts
Samples: Individual Retirement Custodial Account Agreement, Account Agreement, www.darbie.com
