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Full recharacterization Roth to Traditional? Any impacts? What forms do I need?
I opened a Roth IRA in 2016 and funded it with $3,600.
I did not make any additional deposit afterward.
I did not fill my taxes yet.
Can I recharacterize it to a Traditional IRA? What are the impacts? Any fees/penalties? How do I handle that in my tax return? Should I just declare the contribution of $3,600 to a Traditional IRA and not even mention that it was first a Roth IRA contribution?
What forms should I request from my IRA custodian to make sure everything is in order?
Thanks
‎June 4, 2019
8:20 PM