Tag: Convert

Recharacterize & Convert, Similar 12 months

You could have contributed to a Roth IRA after which realized later in the identical yr that you’d exceed the revenue restrict. You recharacterized the Roth IRA contribution as a Conventional IRA contribution and transformed it to Roth once more earlier than the tip of the yr. Your IRA custodian despatched you two 1099-R varieties,