What are the steps to re-characterize a Roth to tradition IRA contribution in Turbotax?
Your response did not answer my question. I did not do any conversions in 2018. My financial planner says I need to convert some of my Roth constitutions to traditional IRA. To determine the amount, I need to re-characterize. Are you saying I can't do this?
02526
1 Best answer
KatrinaB
Intuit Alumni
Jun 4, 2019 2:42:29 PM
The tax reform bill of 2017 has eliminated the ability to recharacterize a Roth IRA conversion done in 2018and onward. However, you can still recharacterize your 2017 Roth IRA conversions up until October 15, 2018.
2 Replies
KatrinaB
Intuit Alumni
Jun 4, 2019 2:42:29 PM
The tax reform bill of 2017 has eliminated the ability to recharacterize a Roth IRA conversion done in 2018and onward. However, you can still recharacterize your 2017 Roth IRA conversions up until October 15, 2018.
knmcnul
New Member
Jun 4, 2019 2:42:31 PM
Unsatisfactory answer to my question. I did not convert to a Roth in 2018. I need to convert Roth to traditional. Answer is opposite of what I asked.