- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
What code is present? A rollover to a Roth IRA from a traditional IRA (a Roth conversion) would normally have code 2 or 7 but could also have code 1.
If the code is N or R, the transaction performed was a recharacterization of your traditional IRA contribution to make it a Roth IRA contribution instead, not a rollover.
‎April 13, 2025
5:13 AM