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Can I reverse a Roth IRA back to a traditional IRA and still take the deduction after doing the reverse earlier in 2018?
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Can I reverse a Roth IRA back to a traditional IRA and still take the deduction after doing the reverse earlier in 2018?
What's New for 2018
- No recharacterizations of conversions made in 2018 or later. A conversion of a traditional IRA to a Roth IRA, and a rollover from any other eligible retirement plan to a Roth IRA, made after December 31, 2017, cannot be recharacterized as having been made to a traditional IRA.
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Can I reverse a Roth IRA back to a traditional IRA and still take the deduction after doing the reverse earlier in 2018?
What's New for 2018
- No recharacterizations of conversions made in 2018 or later. A conversion of a traditional IRA to a Roth IRA, and a rollover from any other eligible retirement plan to a Roth IRA, made after December 31, 2017, cannot be recharacterized as having been made to a traditional IRA.
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