Recharacterizing An IRA Contribution Or Conversion
Tax filers sometimes have a change of opinion concerning their investment choices. Many decisions become final at the end of a tax year, but there is some additional flexibility in individual retirement accounts. Individuals who initially select between a traditional IRA or a Roth IRA can timely change their mind and reverse their choice of IRA type.
You may have converted a traditional IRA to a Roth IRA before realizing that you actually prefer keeping the funds in the traditional IRA.
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