FAQs on IRA Recharacterizations

The IRS has released a set of Frequently Asked Questions dealing with the changes to the IRA recharacterization rules under the Tax Cuts and Jobs Act of 2017.

Document Excerpt

A Roth IRA conversion made in 2017 may be recharacterized as a contribution to a traditional IRA if the recharacterization is made by October 15, 2018. A Roth IRA conversion made on or after January 1, 2018, cannot be recharacterized. For details, see “Recharacterizations” in Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs).
Link

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-recharacterization-of-roth-rollovers-and-conversions

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