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Retirement tax questions
I'm looking at the following FAQ from the IRS ...
<a rel="nofollow" target="_blank" href="https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-recharacterization-of-roth...>
Q2 seems to indicate I can do what I asked.
Also, I thought the new tax law only changed recharacterizations for 2018 contributions, and that they couldn't change 2017 tax law that gave individuals until October 15th of the following year to make the determination for the prior year.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-recharacterization-of-roth...>
Q2 seems to indicate I can do what I asked.
Also, I thought the new tax law only changed recharacterizations for 2018 contributions, and that they couldn't change 2017 tax law that gave individuals until October 15th of the following year to make the determination for the prior year.
‎June 4, 2019
10:11 PM