What is the deadline for re-characterizing a conversion?
The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the conversion/contribution was made to the first IRA. However, if you filed your federal income taxes timely, you have up to six months after your income tax filing deadline to recharacterize. For example, if you converted to a Roth IRA in 2010 and filed your 2010 federal income tax return on time (i.e., by April 15, 2011), you have until October 15, 2011 to recharacterize your 2010 conversion.
Related Questions
- What is the deadline for completing a 2010 Roth IRA conversion if I want to take advantage of the opportunity to pay the taxes over two years (i.e., 2011 and 2012)?
- How can I be sure whether any of the stations I watch are exempt from the digital TV conversion deadline?
- What are the tax consequences of re-characterizing a conversion?
