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Guest rpn50
Posted

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

Posted

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.

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

Guest rpn50
Posted

Let me rephrase the question .

Which sections of the form-8606 need to be filled to report the recharacterization to the IRS ?

Thanks

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