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Can I Recharacterize a Traditional IRA as a Roth IRA?

April 26, 2017recharacterize roth ira Traditional IRA

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Can I Recharacterize a Traditional IRA as a Roth IRA?

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You can only recharacterize a contribution to a traditional IRA that was made in the same year. Any money in a traditional IRA that is not part of a current-year contribution must be converted, not recharacterized. Related Articles: Roth IRA Advantages Roth IRA Basics Roth IRA FAQ 401k Retirement Plans Self Employed 401k Solo 401(k) – 2 Solo 401(k) – 3 This article appears here.