Sit Recharacterization Request Form
Description of Form
Use this form to recharacterize a contribution (not a “conversion” contribution) that was made to an IRA.
IRA Participants Use This Form To:
This form is only for use within your Sit IRA accounts.
- Change a Traditional IRA contribution into a Roth IRA contribution
- Change a Roth IRA contribution into a Traditional IRA contribution
Recharacterization rules can be complex. Please consult with your tax adviser regarding your tax situation.
To remove an excess contribution from your IRA, complete the IRA Distribution Form.
This form is for recharacterizing a Roth IRA contribution into a Traditional IRA contribution and vice versa. A recharacterization is different than a conversion. A conversion has a separate form.