Recharacterization.......one last chance?

[kaneohe]

Fairmark Forum :: Retirement Savings and Benefits :: Still possible to undo 2017 Roth conversions

"Posted by: Kaye Thomas, January 3, 2018 06:13PM
I've confirmed that the IRS will take the position that taxpayers can use the recharacterization provisions to undo Roth conversions occurring in 2017 until October 15, 2018. There is no immediate plan to provide official guidance, but possibly this will appear in Pub 590. Anyway, this is what they're telling anyone who asks. "

 

[pb4uski]

Great to have confirmation of what we were all expecting.

 

[Trooper]

That's promising. However I under-converted, hedging that recharacterizations wouldn't be allowed.