phat7734
New Member

Retirement tax questions

I have a similar situation and need some help. In 2016 I transferred a total of $38,100 from my traditional IRA to a Roth IRA (both held in my Charles Schwab account). I then recharacterized $19,100 back into my Traditional IRA on 2/6/2017. The IRS now wants to disallow the recharacterizationand make me pay taxes based the $38,100 instead of the net $19,000 transferred. I think I need to dispute this ruling...Am I on good legal ground to do so?