Retirement Recharacterization of rollover to Roth IRA.

I read that IRS discontinued the recharacterization of Roth to Traditional IRA in 2018, but there may be alternatives for 2019. Can someone point me in the right direction for more research?

804

Level 15

Feb 20, 2020 10:30:37 AM

The Tax Cuts and Jobs Act of 2017 did away with recharacterizations of Roth conversions, but recharacterizations of new IRA contributions for the year are still permitted.

See Sec. 13611 of PUBLIC LAW 115–97:

https://www.govinfo.gov/link/plaw/115/public/97?link-type=pdf

and

§ 408A(d)(6)(B)(iii)

https://www.law.cornell.edu/uscode/text/26/408A#d_6

New Member

Feb 21, 2020 10:20:12 AM

Thank you dmertz. I'll try to decipher this.

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Retirement Recharacterization of rollover to Roth IRA.