Guest rpn50 Posted April 4, 2001 Posted April 4, 2001 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 Posted April 5, 2001 Posted April 5, 2001 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 April 5, 2001 Posted April 5, 2001 Let me rephrase the question . Which sections of the form-8606 need to be filled to report the recharacterization to the IRS ? Thanks
Appleby Posted April 5, 2001 Posted April 5, 2001 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 Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now