Reconversion. Once an amount has been properly converted, any subsequent conversion of that amount is called a reconversion. Effective January 1, 2000, an XXX owner who converts an amount from a traditional XXX to a Xxxx XXX during any taxable year and then recharacterizes that amount back to a traditional XXX may not reconvert that amount from the traditional XXX to a Xxxx XXX before the later of:
Appears in 3 contracts
Samples: Account Custodial Agreement, Retirement Account Custodial Agreement, Account Custodial Agreement
Reconversion. Once an amount has been properly converted, any subsequent conversion of that amount is called a reconversion. Effective January 1, 2000, an XXX IRA owner who converts an amount from a traditional XXX IRA to a Xxxx XXX during any taxable year and then recharacterizes that amount back to a traditional XXX IRA may not reconvert that amount from the traditional XXX IRA to a Xxxx XXX before the later of:
Appears in 2 contracts
Samples: Account Custodial Agreement, Retirement Account Custodial Agreement
