Help - Search - Members - Calendar
Full Version: FORM 8686
BenefitsLink Message Boards > Retirement Plans > IRAs and Roth IRAs
rpn50
I contributed $2000 to my Trad. IRA a few days ago and realized that I should have put it into a ROTH IRA.

Which sections of Form 8606 should I fill to recharacterize
the above ?

Thanks
BPickerCPA
You don't recharacterize by filling out a form, you recharacterize by physically having the custodian redesignate the account (if eligible), or moving it to a Roth IRA.
rpn50
Let me rephrase the question .
Which sections of the form-8606 need to be filled to report the recharacterization to the IRS ?

Thanks
Appleby
You must complete Part 111


The form can be found at
http://ftp.fedworld.gov/pub/irs-pdf/f8606.pdf
and the instructions at

http://ftp.fedworld.gov/pub/irs-pdf/i8606.pdf
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.
Invision Power Board © 2001-2009 Invision Power Services, Inc.