@Blake13 wrote:
Agreed, that makes sense and thank you for the help! I am going to open a rollover IRA account for her and see if I can file Request a Recharacterization form to try and get it back to her account and not try to avoid any potential penalties.
It's not a recharacterization to take the money out of your IRA. You are allowed to remove a contribution during the same tax year for any reason. Just say it was a mistake or you changed your mind. A recharacterization is something completely different.
