topic I took $30000 from a qualified IRA and put it into a Roth.I know this created a taxable eventcan I reverse this before I file my 2018 or is that transaction irreversible? in Retirement tax questions

I took $30000 from a qualified IRA and put it into a Roth.I know this created a taxable eventcan I reverse this before I file my 2018 or is that transaction irreversible?

sewatt — Sat, 01 Jun 2019 15:09:04 GMT

had to eliminate spaces to fit in. Here is the full question:

I took $30000 from a qualified IRA and put it into a Roth. I know this created a taxable event but can I reverse this before I file my 2018 or is that transaction irreversible?

As a result of the Tax Cuts and Jobs Act, the transaction...

AnnetteB — Sat, 01 Jun 2019 15:09:06 GMT

As a result of the Tax Cuts and Jobs Act, the transaction cannot be reversed by recharacterization of the Roth IRA.

Please take a look at the following FAQ from the IRS for more information: https://www.irs.gov/retirement-plans/ira-faqs-recharacterization-of-ira-contributions

Thank you! Not the answer i was hoping for but it it wha...

sewatt — Sat, 01 Jun 2019 15:09:07 GMT

Thank you! Not the answer i was hoping for but it it what it is. Got bit by my own stupidity.

You're welcome. Sorry to be the bearer of bad news.

AnnetteB — Sat, 01 Jun 2019 15:09:11 GMT

You're welcome. Sorry to be the bearer of bad news.