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> Failed Conversion
Randy Watson
post Mar 16 2009, 01:38 PM
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If you have a failed conversion (Traditional IRA to Roth IRA), the amount of the failed conversion will be subject to income tax and excise tax. The excise tax is applied each year that the amount of the failed conversion remains in the Roth. If you are beyond the recharacterization deadline, how do you "stop the bleeding" with regard to the excise tax?
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