jliu
New Member

Recharacterize an ENTIRE traditional IRA to Roth

Hi,

 

I have a traditional IRA that has multiple years of contributions and gains. After reevaluating my retirement and tax strategy, I'd like to convert the entire traditional IRA to a Roth IRA.

 

Is it possible to recharacterize my *entire* IRA assets into a Roth IRA? Or is the backdoor roth limited to just the previous year's contributions?