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Here's what happened:

• I made the maximum contribution to a Roth IRA this year.
• I thought about how my marginal tax rate now is a lot higher than I expect it to be in retirement, so I decided a traditional IRA would have been a better idea.
• I recharacterized this year's contributions to a traditional IRA.
• I realized my income is too high to qualify for a traditional IRA deduction.

Here's what I did not do, and why this question is not a duplicate of similar questions already asked:

• I have not made any conversions at all.
• I have not taken any distributions, and thus have not received a 1099-R.
• I did not previously go from a traditional to a Roth, and now want to go back to a traditional.
• I am not rolling over any 401k or other non-IRA account.

Can IRA contributions be recharacterized multiple times seems like a good duplicate, but alas it's very old and has no answers.

My understanding is that (for married, filing jointly taxpayers for 2015) that someone with a MAGI above $118,000 is not eligible for a traditional IRA deduction. Below $183,000, the full Roth IRA contribution is still allowed.

I'm in this range (between $118,000 and $183,000), so a Roth IRA seems like the only rational choice. Please correct me if I'm wrong.

So, I would like to unrecharacterize (rerecharacterize?) this year's IRA contribution back to a Roth IRA. I've not yet filed a return for the contribution year, so I'm hoping I can do that.

Can I? Would I report to the IRA two recharacterizations? Or would I file as if no recharacterization ever happened?

Here's what happened:

• I made the maximum contribution to a Roth IRA this year.
• I thought about how my marginal tax rate now is a lot higher than I expect it to be in retirement, so I decided a traditional IRA would have been a better idea.
• I recharacterized this year's contributions to a traditional IRA.
• I realized my income is too high to qualify for a traditional IRA deduction.

Here's what I did not do, and why this question is not a duplicate of similar questions already asked:

• I have not made any conversions at all.
• I have not taken any distributions, and thus have not received a 1099-R.
• I did not previously go from a traditional to a Roth, and now want to go back to a traditional.
• I am not rolling over any 401k or other non-IRA account.

Can IRA contributions be recharacterized multiple times seems like a good duplicate, but alas it's very old and has no answers.

My understanding is that (for married, filing jointly taxpayers for 2015) that someone with a MAGI above $118,000 is not eligible for a traditional IRA deduction. Below $183,000, the full Roth IRA contribution is still allowed.

I'm in this range (between $118,000 and $183,000), so a Roth IRA seems like the only rational choice. Please correct me if I'm wrong.

So, I would like to unrecharacterize (rerecharacterize?) this year's IRA contribution back to a Roth IRA. I've not yet filed a return for the contribution year, so I'm hoping I can do that.

Can I? Would I report to the IRA two recharacterizations? Or would I file as if no recharacterization ever happened?

Here's what happened:

• I made the maximum contribution to a Roth IRA this year.
• I thought about how my marginal tax rate now is a lot higher than I expect it to be in retirement, so I decided a traditional IRA would have been a better idea.
• I recharacterized this year's contributions to a traditional IRA.
• I realized my income is too high to qualify for a traditional IRA deduction.

There was never any conversion involved. "Conversions" are not the same as "recharacterizations" as far as the IRS is concerned, even though they accomplish similar things.

My understanding is that (for married, filing jointly taxpayers) that someone with a MAGI above $118,000 is not eligible for a traditional IRA deduction. Below $183,000, the full Roth IRA contribution is still allowed.

I'm in this range (between $118,000 and $183,000), so a Roth IRA seems like the only rational choice. Please correct me if I'm wrong.

So, I would like to unrecharacterize (rerecharacterize?) this year's IRA contribution back to a Roth IRA. I've not yet filed a return for the contribution year, so I'm hoping I can do that.

Can I? Would I report to the IRA two recharacterizations? Or would I file as if no recharacterization ever happened?

Here's what happened:

• I made the maximum contribution to a Roth IRA this year.
• I thought about how my marginal tax rate now is a lot higher than I expect it to be in retirement, so I decided a traditional IRA would have been a better idea.
• I recharacterized this year's contributions to a traditional IRA.
• I realized my income is too high to qualify for a traditional IRA deduction.

Here's what I did not do, and why this question is not a duplicate of similar questions already asked:

• I have not made any conversions at all.
• I have not taken any distributions, and thus have not received a 1099-R.
• I did not previously go from a traditional to a Roth, and now want to go back to a traditional.
• I am not rolling over any 401k or other non-IRA account.

Can IRA contributions be recharacterized multiple times seems like a good duplicate, but alas it's very old and has no answers.

My understanding is that (for married, filing jointly taxpayers for 2015) that someone with a MAGI above $118,000 is not eligible for a traditional IRA deduction. Below $183,000, the full Roth IRA contribution is still allowed.

I'm in this range (between $118,000 and $183,000), so a Roth IRA seems like the only rational choice. Please correct me if I'm wrong.

So, I would like to unrecharacterize (rerecharacterize?) this year's IRA contribution back to a Roth IRA. I've not yet filed a return for the contribution year, so I'm hoping I can do that.

Can I? Would I report to the IRA two recharacterizations? Or would I file as if no recharacterization ever happened?

Here's what happened:

• I made the maximum contribution to a Roth IRA this year.
• I thought about how my marginal tax rate now is a lot higher than I expect it to be in retirement, so I decided a traditional IRA would have been a better idea.
• I recharacterized this year's contributions to a traditional IRA.
• I realized my income is too high to qualify for a traditional IRA deduction.

My understanding is that (for married, filing jointly taxpayers) that someone with a MAGI above $118,000 is not eligible for a traditional IRA deduction. Below $183,000, the full Roth IRA contribution is still allowed.

I'm in this range (between $118,000 and $183,000), so a Roth IRA seems like the only rational choice. Please correct me if I'm wrong.

So, I would like to unrecharacterize (rerecharacterize?) this year's IRA contribution back to a Roth IRA. I've not yet filed a return for the contribution year, so I'm hoping I can do that.

Can I? Would I report to the IRA two recharacterizations? Or would I file as if no recharacterization ever happened?

Here's what happened:

• I made the maximum contribution to a Roth IRA this year.
• I thought about how my marginal tax rate now is a lot higher than I expect it to be in retirement, so I decided a traditional IRA would have been a better idea.
• I recharacterized this year's contributions to a traditional IRA.
• I realized my income is too high to qualify for a traditional IRA deduction.

There was never any conversion involved. "Conversions" are not the same as "recharacterizations" as far as the IRS is concerned, even though they accomplish similar things.

My understanding is that (for married, filing jointly taxpayers) that someone with a MAGI above $118,000 is not eligible for a traditional IRA deduction. Below $183,000, the full Roth IRA contribution is still allowed.

I'm in this range (between $118,000 and $183,000), so a Roth IRA seems like the only rational choice. Please correct me if I'm wrong.

So, I would like to unrecharacterize (rerecharacterize?) this year's IRA contribution back to a Roth IRA. I've not yet filed a return for the contribution year, so I'm hoping I can do that.

Can I? Would I report to the IRA two recharacterizations? Or would I file as if no recharacterization ever happened?