Recharacterizations. If you make a contribution to a Traditional IRA and later recharacterize either all or a portion of the original contribution to a ▇▇▇▇ ▇▇▇ along with net income attributable, you may elect to treat the original contribution as having been made to the ▇▇▇▇ ▇▇▇. The same methodology applies when recharacterizing a contribution from a ▇▇▇▇ ▇▇▇ to a Traditional IRA. If you have converted from a Traditional IRA to a ▇▇▇▇ ▇▇▇ you may recharacterize the conversion along with net income attributable back to the Traditional IRA. If you have rolled over an eligible employer-sponsored retirement plan to a ▇▇▇▇ ▇▇▇, you may recharacterize the rollover amount along with net income attributable to a Traditional IRA. 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 10 contracts
Sources: Ira Kit Agreement, Ira Prototype Plan Agreement, Ira Kit Agreement
Recharacterizations. If you make a contribution to a Traditional IRA ▇▇▇ and later recharacterize either all or a portion of the original contribution to a ▇▇▇▇ ▇▇▇ along with net income attributable, you may elect to treat the original contribution as having been made to the ▇▇▇▇ ▇▇▇. The same methodology applies when recharacterizing a contribution from a ▇▇▇▇ ▇▇▇ to a Traditional IRA▇▇▇. If you have converted from a Traditional IRA ▇▇▇ to a ▇▇▇▇ ▇▇▇ you may recharacterize the conversion along with net income attributable back to the a Traditional IRA▇▇▇. If you have rolled over an eligible employer-sponsored retirement plan to a ▇▇▇▇ ▇▇▇, you may recharacterize the rollover amount along with net income attributable to a Traditional IRA▇▇▇. 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 or rollover completed.
Appears in 3 contracts
Sources: Roth Ira Adoption Agreement, Roth Ira Adoption Agreement, Roth Ira Adoption Agreement
Recharacterizations. If you make a contribution to a Traditional IRA ▇▇▇ and later recharacterize either all or a portion of the original contribution to a ▇▇▇▇ ▇▇▇ along with net income attributable, you may elect to treat the original contribution as having been made to the ▇▇▇▇ ▇▇▇. The same methodology applies when recharacterizing a contribution from a ▇▇▇▇ ▇▇▇ to a Traditional IRA▇▇▇. If you have converted from a Traditional IRA ▇▇▇ to a ▇▇▇▇ ▇▇▇ you may recharacterize the conversion along with net income attributable back to the a Traditional IRA▇▇▇. If you have rolled over an eligible employer-sponsored employer‐sponsored retirement plan to a ▇▇▇▇ ▇▇▇, you may recharacterize the rollover amount along with net income attributable to a Traditional IRA▇▇▇. 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 or rollover completed.
Appears in 1 contract
Sources: Roth Individual Retirement Custodial Account Agreement