2

Despite trying to hit the nail on the head, I managed to put more into my Traditional IRA for 2018 than I will be able to deduct due to Traditional IRA phaseout limits.

The last thing I want is to track my non-deductible basis for this for decades until retirement. I understand that Roth recharacterizations have been eliminated for 2018, but I'm confused about the difference between a Roth 'conversion' vs a 'recharacterization'.

Am I allowed to simply convert the non-deductible portion of my 2018 Traditional IRA contribution to a Roth IRA or is this too considered a recharacterization? My limited understanding of recharacterization is that it is from a Roth back to a Traditional IRA, which of course is not what I want.

  • 1
    You can't convert just the non-deductible portion, you'll get part pre-tax and part post-tax in proportion to the total balance of each in your Traditional IRA – Ben Voigt Jan 7 at 2:05

Your Answer

By clicking "Post Your Answer", you acknowledge that you have read our updated terms of service, privacy policy and cookie policy, and that your continued use of the website is subject to these policies.

Browse other questions tagged or ask your own question.