ROTH Re characterizations
If client converts to a ROTH today, is the deadline to re-characterize 12 months from today?
Is there a maximum amount available for a ROTH Conversion?
If client converts to a ROTH today, is the deadline to re-characterize 12 months from today?
Is there a maximum amount available for a ROTH Conversion?
Permalink Submitted by Alan - IRA critic on Wed, 2017-10-25 19:50
The deadline is 10/15/2018 (the extended due date) as long client either files the 2017 return on time or files an extension. There is no limit on the amount that can be converted, and recharacterizations can either be total or partial.