Source: https://www.law.cornell.edu/cfr/text/26/1.408A-8
Timestamp: 2019-11-15 02:42:52
Document Index: 694170068

Matched Legal Cases: ['§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1']

26 CFR § 1.408A-8 - Definitions. | CFR | US Law | LII / Legal Information Institute
Section 1.408A-8. Definitions.
26 CFR § 1.408A-8 - Definitions.
This section sets forth the following question and answer that provides definitions of terms used in the provisions of §§ 1.408A-1 through 1.408A-7 and this section:
Q-1. Are there any special definitions that govern in applying the provisions of §§ 1.408A-1 through 1.408A-7 and this section?
A-1. Yes, the following definitions govern in applying the provisions of §§ 1.408A-1 through 1.408A-7 and this section. Unless the context indicates otherwise, the use of a particular term excludes the use of the other terms.
(a) Different types of IRAs -
(1) IRA. Sections 408(a) and (b), respectively, describe an individual retirement account and an individual retirement annuity. The term IRA means an IRA described in either section 408(a) or (b), including each IRA described in paragraphs (a)(2) through (5) of this A-1. However, the term IRA does not include an education IRA described in section 530.
(b) Other defined terms or phrases -
(1) 4-year spread. The term 4-year spread is described in § 1.408A-4 A-8.
(2) Conversion. The term conversion means a transaction satisfying the requirements of § 1.408A-4 A-1.
(3) Conversion amount or conversion contribution. The term conversion amount or conversion contribution is the amount of a distribution and contribution with respect to which a conversion described in § 1.408A-4 A-1 is made.
(4) Failed conversion. The term failed conversion means a transaction in which an individual contributes to a Roth IRA an amount transferred or distributed from a traditional IRA or Simple IRA (including a transfer by redesignation) in a transaction that does not constitute a conversion under § 1.408A-4 A-1.
(5) Modified AGI. The term modified AGI is defined in § 1.408A-3 A-5.
(6) Recharacterization. The term recharacterization means a transaction described in § 1.408A-5 A-1.
(7) Recharacterized amount or recharacterized contribution.The term recharacterized amount or recharacterized contribution means an amount or contribution treated as contributed to an IRA other than the one to which it was originally contributed pursuant to a recharacterization described in § 1.408A-5 A-1.