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CHARACTERIZATION REQUEST FORM (INTERNAL) BETWEEN STERLING CAPITAL FUNDS INDIVIDUAL RETIREMENT ACCOUNTS Complete when recharacterizing a Traditional or Roth IRA contribution or to recharacterize a

How to fill out recharacterization request form

How to fill out a recharacterization request form:

1. Obtain the recharacterization request form from the appropriate institution or organization.
2. Read the instructions carefully to understand the requirements and procedures for filling out the form.
3. Fill in your personal information accurately, including your name, address, social security number, and any other required identification details.
4. Provide details about the original contribution, such as the type of account, account number, and the amount you wish to recharacterize.
5. Indicate the new destination for the recharacterized contribution, including the type of account and account number.
6. Sign and date the form, certifying that the information provided is true and correct to the best of your knowledge.
7. Review the completed form to ensure all necessary fields are filled out and there are no errors or omissions.
8. Submit the form to the appropriate institution or organization, following any additional instructions provided.

Who needs a recharacterization request form:

1. Individuals who have made contributions to an Individual Retirement Account (IRA) or a Roth IRA and wish to change the character or tax treatment of these contributions.
2. Taxpayers who have made contributions to a Health Savings Account (HSA) and want to recharacterize these contributions for tax purposes.
3. Investors who have made excess contributions to certain retirement plans and need to correct or adjust these contributions to comply with IRS regulations.

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What is recharacterization request form?

The recharacterization request form is a document used to request the recharacterization of a contribution made to one type of Individual Retirement Account (IRA) to another type of IRA. This form allows individuals to correct their contribution mistakes and transfer funds between different IRA accounts.

Who is required to file recharacterization request form?

Any individual who has made a contribution to an IRA and wishes to change the type of IRA the contribution was made to is required to file a recharacterization request form. This includes individuals who have made excess contributions, contributed to the wrong type of IRA, or want to recharacterize a contribution due to changes in eligibility or tax planning strategies.

How to fill out recharacterization request form?

To fill out a recharacterization request form, you will typically need to provide your personal information, such as your name, address, and Social Security number. You will also need to specify the amount of the contribution you want to recharacterize, the type of IRA you originally contributed to, and the type of IRA you want to recharacterize the contribution to. The form may also require you to provide additional information, depending on the specific requirements of your financial institution.

What is the purpose of recharacterization request form?

The purpose of the recharacterization request form is to allow individuals to correct errors or change their IRA contribution in order to comply with IRS rules and regulations. This form helps individuals avoid tax penalties and ensure that their IRA contributions are properly allocated.

What information must be reported on recharacterization request form?

The recharacterization request form typically requires you to report your personal information, such as your name, address, and Social Security number. You will also need to indicate the amount of the contribution you want to recharacterize, the type of IRA you originally contributed to, and the type of IRA you want to recharacterize the contribution to. Additionally, you may need to provide supporting documentation or additional information required by your financial institution.