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Finance Dictionary and Glossary of Investment Terms
recharacterization
Definition 1.
An action consisting of reversing the conversion of an IRA from one type to another. For example, the conversion of a traditional IRA into aRoth IRA may be recharacterized, returning the relevant funds to the traditional IRA.
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Definition 2.
The treatment of a contribution as being made to another type of IRA instead of the IRA that the contribution was initially made.
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