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Author: mkraft Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Re: Dumping the '4-year spread' ? Date: 4/10/1999 7:41 PM
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If you wish to recharacterize that conversion as simply a rollover to another traditional IRA, then you must do so by April 15. Unless you have your Roth IRA at your local bank, I'll guarantee it will be nearly impossible for you to accomplish that feat on time. Most providers established April 1 as their internal deadlines for receiving such requests.


I hope you're wrong about that. I haven't heard a peep, received anything in the mail or seen any mention at any website of a 'recharacterization' deadline. I'll know Monday.

In any event, I believe a filing extension would also extend the recharacterization deadline. That's my reading of the Form 8086 instructions.

However, in my post, I wasn't referring to recharacterizing for '98. I was referring to a change of heart at some point in the future: e.g., in 1999 or 2000 -- i.e.,. any year that's under the '4-year spread' contract.

Is there any flexibility at all for modifying the 'equal amounts' of additional income (based on the ROTH conversion) that have to be added to other regular income for each of the 4 years?

Thanks.

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