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?
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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?
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.
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.
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