eishi13
New Member

I made error when I converted 401k to IRA. I meant to convert it to traditional IRA but instead converted to Roth IRA. The conversion occurred in April '16. Any solution?

I made a mistake when I converted my previous work's 401k to IRA when my old company was acquired by my current company. I meant to convert it to traditional IRA, but I accidentally converted to Roth IRA. According to my Rollover IRA account, the conversion occurred in April 2016 (Vanguard received the check in April 2016). I assume that it's too late to recharacterize the Roth IRA to traditional IRA.  How can I fix this problem? Can I simply amend my tax filing and pay the tax I owe due to 401K to Roth IRA conversion?