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Author: Wradical Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: Re: Roth IRA Recharacterization Date: 9/15/2013 9:07 AM
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Vanguard says I must obtain a recharacterization from Schwab for the period the Roth funds were at Schwab, which is understandable. But the folks at Schwab promise action and do nothing.
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Is there any legal or IRS requirement that the recharacterization information must come from Schwab? What I am considering is I collect the data for the period the funds were held at Schwab and fill out the Vanguard forms.
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Ultimately the responsibility falls on you. There is no requirement that you have a third-party calculation of the recharacterization. It seems to me that there's only one number you need from Schwab--the value of the Roth account before the conversion. The confirmation of the conversion should have that, or what you need to back into it.

What am I missing?

Phil
Rule Your Retirement Home Fool

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I think what's being missed (by all involved, except maybe Vanguard) is that what Schwab has to do is make a memo entry in their records to record the fact of the recharacterization of the Roth account back to a trad. IRA. That much is needed, and nothing more. They no longer have the funds there, so it probably seems like a strange request.

Would have been better to transfer funds first, and then do the Roth conversion at Vanguard.

Bill
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