https://ttlc.intuit.com/community/retirement/discussion/can-one-recharacterize-a-2023-ira-to-ira-rollover-into-now-a-roth-ira-the-purpose-is-to-have-the-tax/01/3151473#M208488 Turbotax online help "What is the difference between a conversion and recharacterization" states " ---- Tax rules allow taxpayers to recharacterize their IRA contributions any time prior to the due date, including extensions, of their tax return. A recharacterization allows you to undo or reverse your rollover or contribution."<BR /><BR />However, my financial institution says can only recharacterize "contributions" not "roll-overs".&nbsp;&nbsp;Is clear that law no longer allows Roth to IRA recharacterizations, but less clear as to IRA rollover&nbsp;&nbsp;recharacterized into a Roth IRA.&nbsp;&nbsp; Tue, 10 Feb 2026 09:09:57 GMT txnick 2026-02-10T09:09:57Z https://ttlc.intuit.com/community/retirement/discussion/can-one-recharacterize-a-2023-ira-to-ira-rollover-into-now-a-roth-ira-the-purpose-is-to-have-the-tax/01/3151473#M208488 Turbotax online help "What is the difference between a conversion and recharacterization" states " ---- Tax rules allow taxpayers to recharacterize their IRA contributions any time prior to the due date, including extensions, of their tax return. A recharacterization allows you to undo or reverse your rollover or contribution."<BR /><BR />However, my financial institution says can only recharacterize "contributions" not "roll-overs".&nbsp;&nbsp;Is clear that law no longer allows Roth to IRA recharacterizations, but less clear as to IRA rollover&nbsp;&nbsp;recharacterized into a Roth IRA.&nbsp;&nbsp; Tue, 10 Feb 2026 09:09:57 GMT https://ttlc.intuit.com/community/retirement/discussion/can-one-recharacterize-a-2023-ira-to-ira-rollover-into-now-a-roth-ira-the-purpose-is-to-have-the-tax/01/3151473#M208488 txnick 2026-02-10T09:09:57Z https://ttlc.intuit.com/community/retirement/discussion/re-can-one-recharacterize-a-2023-ira-to-ira-rollover-into-now-a-roth-ira-the-purpose-is-to-have-the/01/3152181#M208543 <P>Recharacterization of a rollover originally deposited into a traditional IRA has never been permitted.&nbsp; There is nothing that can be done with this rollover IRA in 2024 that will increase 2023&nbsp; AGI.&nbsp; As you noted, conversion to Roth in 2024 will add to 2024 AGI.</P> Wed, 11 Dec 2024 18:29:46 GMT https://ttlc.intuit.com/community/retirement/discussion/re-can-one-recharacterize-a-2023-ira-to-ira-rollover-into-now-a-roth-ira-the-purpose-is-to-have-the/01/3152181#M208543 dmertz 2024-12-11T18:29:46Z