cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

If I transferred money from a traditional ira to a roth and then moved the roth to a ne company where it lost money, may I convert the roth back to a regular ira?

 
1 Best answer

Accepted Solutions
Level 20

If I transferred money from a traditional ira to a roth and then moved the roth to a ne company where it lost money, may I convert the roth back to a regular ira?

No, you are not permitted to transfer it back to a traditional IRA.  The possibility of recharacterizing a Roth conversion was eliminated with the Tax Cuts and Jobs Act of 2017.

1 Reply
Level 20

If I transferred money from a traditional ira to a roth and then moved the roth to a ne company where it lost money, may I convert the roth back to a regular ira?

No, you are not permitted to transfer it back to a traditional IRA.  The possibility of recharacterizing a Roth conversion was eliminated with the Tax Cuts and Jobs Act of 2017.