Recharacterization Question
Is there some sort of deadline in which someone may recharacterize a Roth ? Example – Client converted from his IRA to his Roth in July 2010
Any input would be greatly appreciated…
Thank you –
Is there some sort of deadline in which someone may recharacterize a Roth ? Example – Client converted from his IRA to his Roth in July 2010
Any input would be greatly appreciated…
Thank you –
Permalink Submitted by Alan Spross on Thu, 2011-08-18 22:04
Deadline is 10/17/2011, which is the extended due date. This applies only where the taxpayer either filed the 2010 return on time or filed a timely extension. From a practical standpoint, given the amount of recharacterization requests expected, it should probably be ordered no later than 10/5.
If taxpayer did not do one of the above, then the due date of 4/18/2011 applied.
Permalink Submitted by Gregg Guiol on Fri, 2011-08-19 12:41
As always, thank you for your assistance … You’re awesome !!!