@GreenCloud wrote:
Thank you sir for providing a solution.
I did go through the steps in Vanguard to explore this option now.
If I decide to recharacterize the contribution of 6000 to Roth IRA, do I need to move the exact stocks which were bought using that 6000 and move it to Roth IRA? Do I need to sell the stocks and then move the move them to Roth?
You'll have to ask Vanguard. The individual securities can be moved without selling them, but it seems unlikely that would add up to exactly $6000 (or whatever amount needs to be moved). I suspect that if you just ask Vanguard do a recharacterization, they will sell the correct amount, move it as cash, and then re-buy the same securities (or different ones if you prefer). I suspect Vanguard will do this for you rather than you having to do all the small in-between steps. But ask them.
