Hello again,
And thank you for your time in replying to my question. I contacted TD Ameritrade and explained to them what the situation was. They provided a form for me to fill out "Roth Conversion Form." But, I wonder if I should be filling out the "Roth Recharacterization Form." I just hope whatever decision I make...Conversion vs. Recharacterization..there isn't going to be a penalty--because the contribution was made using after-tax dollars.
I will also ask TD Ameritrade if they have any insight or IRA specialist who can direct me which form to fill out. Roth Conversion or Roth Recharacterization. My feeling is it doesn't matter since the after-tax contribution of $7000 is now only $7000.01. There was no gain, or taxable gain, from the time the contribution was made.
I'd appreciate any advice or suggestion on which form you think I should fill out--Conversion or Recharacterization? Thanks and have a good weekend!
