What RECHARACTERIZATION means: Recharacterization is the process of changing the character of a traditional IRA contribution to a Roth IRA contribution or vice versa.
- Definition Recovery Of Cost:
- Dictionary paid for income received--usually a factor only in income from sales of items purchased for resale, income from sales of property, and income from pensions or annuities. The portion of income that recharacterization definition.
- Definition Roth IRA:
- Dictionary Contributions to Roth IRAs, which were introduced in 1998, are not deductible. Earnings grow tax free and qualified withdrawals are also tax free recharacterization explain.
- Definition Recapture:
- Dictionary The inclusion of a previously deducted or excluded amount in gross income or tax liability. Recapture may be applicable to accelerated depreciation, cost recovery, amortization, and various credits recharacterization what is.
- Definition Refundable Credit:
- Dictionary A credit for which the IRS will send the taxpayer a refund for any amount in excess of the taxpayer's tax liability recharacterization meaning.
How works Recharacterization meaning in Tax definitions R .
