Roth conversion is not recharacterized, correct?

VAer · Feb 18, 2024 10:16:57 PM

So I should answer No to the question -- Did you change your mind, correct? <img src="https://ttlc.intuit.com/community/image/serverpage/image-id/40005iC1FAC81F59346312/image-size/large?v=v2&px=999" role="button" title="Traditional IRA 1.jpg" alt="Traditional IRA 1.jpg" /><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/40006i675A08C6C0CB2AD5/image-size/large?v=v2&px=999" role="button" title="Traditional IRA 2.jpg" alt="Traditional IRA 2.jpg" />

So I should answer No to the question -- Did you change your mind, correct?

posted

Correct. Conversion from a Traditional IRA to a Roth IRA is not the same thing as recharacterization. So you would answer 'no' to the question about recharacterization.

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