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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122329  
Subject: Re: Undo a recharacterization? Date: 2/26/2001 11:18 PM
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Converted to Roth in 2000.

Recharacterized to Trad. on 2/1/01, return has not been filed yet.

If the custodian will go along (which is doubtful), can we "undo" the recharacterization so the year 2000 conversion stands and we don't have to take another MRD this year?

Especially if it happens before eom statements come out I don't see a practical problem. Is there an IRS/reporting type of problem? Doesn't the custodian wait until the end of the year to report?

What you're wanting to do cannot be done legally. If the custodian will go along with it, be aware that your funds have been entrusted to, at best, an ignorant custodian; at worst, to a crooked one.

Phil Marti
VITA Volunteer
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