However, I did see this when researching further on how to re-characterize the Roth IRA contribution:
- Before the Tax Cuts and Jobs Act (TCJA) of 2017, you could recharacterize (or undo) a Roth IRA conversion back to a traditional IRA.
- Roth IRA conversions are now irrevocable, so you can no longer recharacterize a conversion.
So seems like it is no longer an option for moving from Roth IRA to Traditional IRA (even in the same year ex: 2022)? Or I am missing something here?
