Can I reverse a Roth IRA back to a traditional IRA and still take the deduction after doing the reverse earlier in 2018?
01469
1 Best answer
fanfare
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
fanfare
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.