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haven't filed my 2021 tax. wanted to know if I can undo backdoor Roth - didn't know about pro-rota rule .

 
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1 Reply
DanaB27
Employee Tax Expert

haven't filed my 2021 tax. wanted to know if I can undo backdoor Roth - didn't know about pro-rota rule .

No, you cannot undo a Roth conversion if you moved the funds from traditional IRA to Roth IRA in 2021.

 

"Effective January 1, 2018, pursuant to the Tax Cuts and Jobs Act (Pub. L. No. 115-97), a conversion from a traditional IRA, SEP or SIMPLE to a Roth IRA cannot be recharacterized." (IRS)

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