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 contribution in your Xxxx XXX (the “Initial XXX”) to another XXX (the “Second XXX”), or vice versa. Any net income attributable to a contribution that is recharacterized must be transferred to the Second XXX. You may also elect to recharacterize an amount converted to your Xxxx XXX back to an XXX. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due date (generally April 15), including extensions, for filing your federal income tax return for the year for which the contribution to the Initial XXX relates. The amount(s) that is recharacterized is treated as having been originally contributed to the Second XXX on the same date and for the same taxable year that the amount was contributed to your Initial XXX. 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 is transferred back to the Initial XXX. Married individuals filing separate returns who have lived apart at all times during the past year are treated as individuals for purposes of determining AGI limits for contributions. To determine the amount of your maximum annual Xxxx XXX contribution, you may use the following calculation:

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 contribution in your Xxxx XXX (the “Initial XXXIRA”) ), to another XXX IRA (“the “Second XXXIRA”), or vice versa. Any net income attributable to a contribution that is recharacterized must be transferred to the Second XXXIRA. You may also elect to recharacterize an amount converted to your Xxxx XXX back to an XXXIRA. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due date (generally April 15), including extensions, for filing your federal income tax return for the year for which the contribution to the Initial XXX IRA relates. The amount(s) that is recharacterized is treated as having been originally contributed to the Second XXX IRA on the same date and for the same taxable year that the amount was contributed to the your Initial XXXIRA. 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 is transferred back to the Initial XXXIRA. Married individuals filing separate returns who have lived apart at all times during Annual IRA Contribution Limits. Note: For years beginning after December 31, 2010, certain limits described below are scheduled to sunset, and may revert to limits prescribed under the past year are treated Code as individuals for purposes of determining AGI limits for contributions. To determine the amount of your maximum annual Xxxx XXX contributionJanuary 1, you may use the following calculation:2001.

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 contribution in your Xxxx XXX (the “Initial XXXIRA”) to another XXX IRA (the “Second XXXIRA”), or vice versa. Any net income attributable to a contribution that is recharacterized must be transferred to the Second XXXIRA. You may also elect to recharacterize an amount converted to your Xxxx XXX back to an XXXIRA. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due date (generally April 15), including extensions, for filing your federal income tax return for the year for which the contribution to the Initial XXX IRA relates. The amount(s) that is recharacterized is treated as having been originally contributed to the Second XXX IRA on the same date and for the same taxable year that the amount was contributed to your Initial XXXIRA. 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 is transferred back to the Initial XXXIRA. Married individuals filing separate returns who have lived apart at all times during the past year are treated as individuals for purposes of determining AGI limits for contributions. To determine the amount of your maximum annual Xxxx XXX contribution, you may use the following calculation:

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 contribution in your Xxxx XXX (the “Initial XXX”) ), to another XXX (“the “Second XXX”), or vice versa. Any net income attributable to a contribution that is recharacterized must be transferred to the Second XXX. You may also elect to recharacterize an amount converted to your Xxxx XXX back to an XXX. The election to recharacterize any contribution and the trustee-to-trustee transfer must be completed on or before the due date (generally April 15), including extensions, for filing your federal Federal income tax return for the year for which the contribution to the Initial XXX relates. The amount(s) that is recharacterized is treated as having been originally contributed to the Second XXX on the same date and for the same taxable year that the amount was contributed to the your Initial XXX. 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 is transferred back to the Initial XXX. Married individuals filing separate returns who have lived apart at all times during the past year are treated as individuals for purposes of determining AGI limits for contributions. To determine the amount of your maximum annual Annual Xxxx XXX contributionContribution Limits. Note: For years beginning after December 31, you 2010, certain limits described below are scheduled to sunset, and may use revert to limits prescribed under the following calculation:Code as of January 1, 2001.