Roth Conversion

[vincep7324]

I mistakenly converted an entire ISA-SEP to a Roth account because of a mistaken check box on the Vanguard transaction page. They say I cannot undo the transaction. Consequently I will owe a huge Tax bill.  Is there any way to have this corrected and get a reprieve from IRS?

[dmertz · Accepted solution]

The changes made by the Tax Cuts and Jobs Act of 2017 made Roth conversions irrevocable.  You have no choice but to include the income on your tax return and pay the taxes.