Common use of Recharacterizations Clause in Contracts

Recharacterizations. A contribution that constitutes a recharacterization of a prior IRA or Xxxx XXX contribution for a particular tax year must be made by the deadline for filing the Depositor’s income tax return (including extensions) for such tax year. For these purposes, conversion contributions that cross taxable years are treated as having been made in the earlier taxable year.

Recharacterizations. A contribution that constitutes a recharacterization of a prior IRA or Xxxx XXX contribution for a particular tax year must be made by the deadline for filing the Depositor’s income tax return (including extensions) for such tax year. For these purposesThe Custodian will not be responsible under any circumstances for the timing, conversion contributions that cross taxable years are treated as having been made in purpose or propriety of any contribution nor shall the earlier taxable yearCustodian incur any liability for any tax, penalty, or loss imposed on account of any contribution.

Recharacterizations. A contribution that constitutes a recharacterization of a prior IRA XXX or Xxxx XXX contribution for a particular tax year must be made by the deadline for filing the Depositor’s income tax return (including extensions) for such tax year. For these purposes, conversion contributions that cross taxable years are treated or such later date as having been made in may be determined by the earlier taxable yearDepartment of the Treasury or the Internal Revenue Service.

Recharacterizations. A contribution that constitutes a recharacterization of a prior IRA XXX or Xxxx XXX contribution for a particular tax year must be made by the deadline for filing the Depositor’s income tax return (including extensions) for such tax year. For these purposes, conversion contributions that cross taxable years are treated as having been made in the earlier taxable year.