Hello,
I had performed a recharacterization/roth conversion back in December of 2021 for back door benefits. I have however around $2k in capital gains which I will be reporting as income. However, the Roth has now depreciated by -$1k. Is there a way to recharacterize and reconvert back to only pay taxes on the $1k instead of $2k ? I know this might be too late since I am talking in 2022 and the tax deadline is in < 2 weeks. Just trying to see a better option to reduce the income tax. Thanks!
