Thank you so much for your detail explanation.
I just got off the phone with my bank and I have submitted the Recharacterization form to move from ROTH IRA account to my traditional IRA.
They told me even after the form submitted, the action might not get completed by tomorrow 4/18 because they are backed up with all IRA requests from everyone.
My question: Do I need to submit "extension" for my tax return until I can confirm the transaction actually happened?
