Converting rechar. Tiras back to Riras
I had to recharacterized my converted Riras last year back to Tiras this year. How long do I have to wait to convert the same Tiras back to Riras.
I had to recharacterized my converted Riras last year back to Tiras this year. How long do I have to wait to convert the same Tiras back to Riras.
Permalink Submitted by Anonymous (not verified) on Tue, 2010-03-30 21:57
30 days from the recharacterization (I assume I read your post as “Converted in 2009, recharacterized in 2010”).
pko
Permalink Submitted by Alan Spross on Wed, 2010-03-31 04:20
Note: You can re convert on the 31st day after the recharacterization or the next calendar year, whichever is later. But if you reconvert on the 30th day you technically have a failed conversion.
You do not have to wait to convert different assets than you recharacterized, but in this case you are talking about entire IRA accounts that received a recharacterization, so those would be the same assets and you must wait until the 31st day to reconvert.