Time is running out to reverse a 2013 Roth conversion
August 25, 2014
You can reverse a 2013 Roth conversion if you act by October 15, 2014. If you converted a regular IRA to a Roth IRA in 2013 and now want to switch back to a regular IRA, you have until October 15, 2014, to do so without penalty. The IRS calls reversing the transaction a “recharacterization.” A recharacterized conversion is treated...
Tags: Roth IRS conversion