The National Directory of Certified Public Accountants

Ask A CPA - Roth IRAs

Is It Too Late To Re-Characterize My Roth IRA To A Conventional IRA If I Already Filed My Current Year'S Return ?

No. You may re-characterize your Roth IRA to a conventional IRA by filing an amended return. You would file IRS Form 1040X with Form 8606. This would enable you to get a refund on the Roth conversion payment amount you already paid with the original 1040 income tax return.

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