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dmeissner
New Member

2018 roth contribution re-characterized to traditional ira on 3/20/18. Does this event go on 2018 or 2019 tax return

 
1 Reply
DanielV01
Expert Alumni

2018 roth contribution re-characterized to traditional ira on 3/20/18. Does this event go on 2018 or 2019 tax return

The recharacterization is a 2018 event.  A recharacterization treats the original Roth contribution as having never happened, and that you made a Traditional IRA contribution itself.  If you then convert the TIRA back into a Roth, that is a 2019 tax event even if it happened on the same day.  A conversion is reported in the calendar year it occurs.  

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