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

posted

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"