I contributed $7000 to 2024 traditional IRA cash account at Wells Trade, and wanted to do a backdoor ROTH conversion. I chatted with an agent who sent me a docusign to request for this conversion. However, I ticked the box in the form that said "Convert the entire account". The bank has now converted the entire account with assets of $585,000 which will cost me a steep tax bill next year. We have no money to pay this huge tax bill, and we are looking to see if there is a way to reverse this ROTH conversion that was in part a mistake on the behalf of the bank. The agent never bothered to verify this and the bank converted the account without confirming this with us. Will there be other implications for us, if at all the bank agrees to consider this reversal? Please help
