Get the free pershing recharacterization form

Brokerage Services Navy Federal Brokerage Services, LLC (FBS) 1007 Electric Avenue Vienna, VA 22180 Telephone: (877) 221-8108 Roth Conversion/Re characterization Request FBS 86-8 Clear All Fields

How to fill out pershing recharacterization form

To fill out a Pershing recharacterization form, follow these steps:

1. Obtain the form: Request the Pershing recharacterization form from your financial institution or download it from their website.
2. Fill in personal information: Enter your name, address, social security number, and other required personal details in the designated fields on the form.
3. Specify the account details: Provide information about the original account that needs to be recharacterized, such as the account number and type (e.g., Traditional IRA, Roth IRA).
4. Indicate the contribution details: Enter the contribution amount that needs to be recharacterized and the tax year for which the contribution was made.
5. Identify the receiving account: Specify the new account that will receive the recharacterized funds, including the account type and account number.
6. Sign and date the form: Read the instructions carefully and sign the Pershing recharacterization form, acknowledging that the information provided is accurate to the best of your knowledge. Include the date of submission.
7. Submit the form: Once you have completed and signed the form, submit it to your financial institution according to their instructions. You may have the option to mail it, upload it electronically, or deliver it in person.

Who needs the Pershing recharacterization form?

Individuals who have made a contribution to an IRA account and wish to reverse or change the contribution type may need to complete a Pershing recharacterization form. This form is typically necessary for individuals who want to transfer contributions between different types of IRAs, such as from a Traditional IRA to a Roth IRA or vice versa. It is important to consult with a financial advisor or tax professional to determine if a recharacterization is the right option for your specific circumstances.

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What is pershing recharacterization form?

Pershing recharacterization form is a document used to change the tax treatment of a contribution made to a traditional IRA or Roth IRA.

Who is required to file pershing recharacterization form?

Individuals who want to recharacterize their IRA contribution from one type to another are required to file the pershing recharacterization form.

How to fill out pershing recharacterization form?

To fill out the pershing recharacterization form, you need to provide personal information such as your name, social security number, account details, and specify the type and amount of contribution you want to recharacterize.

What is the purpose of pershing recharacterization form?

The purpose of the pershing recharacterization form is to allow individuals to change the tax treatment of their IRA contribution, whether it be from traditional to Roth or vice versa.

What information must be reported on pershing recharacterization form?

The pershing recharacterization form requires the reporting of personal information such as name and social security number, as well as details of the contribution being recharacterized.