Roth recharicterized to SEP-IRA

[Guest Steve Palmer]

If a taxpayer has funded a Roth, but determines later that he is not eligible for a Roth, can it be recharicterized directly into a SEP-IRA? Thank you.

[Appleby]

Yes but only as a traditional IRA contribution- not as SEP contribution…as you may know, most SEP IRA owners use the same account for their regular IRA contributions