Buying the same stock in a new ROTH conversion
If I re-characterize a Roth IRA a holding a specific stock and then convert another Traditional IRA to a Roth IRA and buy the same stock are there any issues or restrictions I should be aware of?
If I re-characterize a Roth IRA a holding a specific stock and then convert another Traditional IRA to a Roth IRA and buy the same stock are there any issues or restrictions I should be aware of?
Permalink Submitted by Alan - IRA critic on Thu, 2014-08-07 22:38
No problem with the particular holding. And since the second conversion was apparently a different IRA account than the one that received the recharacterization of the first conversion, it could not be a disallowed reconversion. There is no waiting period for conversions from different accounts.