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Level 2
posted Jun 6, 2019 1:45:49 AM

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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1 Best answer
Level 15
Jun 6, 2019 1:45:51 AM

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. 

1 Replies
Level 15
Jun 6, 2019 1:45:51 AM

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.