Recharacterization
An Action consisting of reversing the Conversion of an IRA from one Type to another. For example, the Conversion of a traditional IRA into aRoth IRA may be recharacterized, returning the relevant funds to the traditional IRA.
An Action consisting of reversing the Conversion of an IRA from one Type to another. For example, the Conversion of a traditional IRA into aRoth IRA may be recharacterized, returning the relevant funds to the traditional IRA.