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Will Roth Recharacterizations Go Away?
Old 11-29-2017, 05:26 PM   #1
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Will Roth Recharacterizations Go Away?

Tucked inside the tax legislation making its way through Congress is a simple line that would erase Section 408A(d)(6) of the Internal Revenue Code. Don't let your eyes glaze over ... particularly if you converted traditional IRA funds to a Roth IRA in 2017. The threatened section of the law is the one that gives you a chance to change your mind and reverse the conversion. If the proposal becomes law, Roth conversions will become irreversible, one-and-done decisions.

Dang, I had not heard about this before. I'd hate to lose that option.

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Old 11-29-2017, 10:43 PM   #2
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I hope so.

That play where you make many bets and you reverse all but one is a total hack.

I hold nothing against the people that go through that exercise, but I could never justify the extra paperwork and risk I'd mess it up and shoot myself in the foot.

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Old 11-30-2017, 07:03 AM   #3
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After discussion the moderator team has decided that there should be no more threads on tax bills until something has passed both chambers and is in reconciliation.

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bill, recharacterization, tax

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