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Recharacterization

Yes, It’s Possible to undo a Roth IRA Conversion

Yes, It’s Possible to undo a Roth IRA Conversion

Converting a traditional IRA to a Roth IRA can provide tax-free growth and the ability to withdraw funds tax-free in retirement. But what if you convert a traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover that...