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Do you have an existing Traditional IRA in addition to your ROTH IRA ?

Does it need to be an old TIRA, or can I use a new one?

When I discovered I had to withdraw our Roth contributions, I opened a two new TIRAs (for me and my wife). My plan was (is?) to just move the money from the existing two Roths to the two new TIRAs.

When converting a TIRA to a ROTH, the tax basis is pro-rated across the value of all of your TIRAs. If you don't have any existing TIRA balances then the basis is used for the conversion.

The issue is not whether it is a new or old TIRA. The question is the existing balance in TIRAs.

You can recharacterize a ROTH over contribution. It is no longer possible to recharacterize a ROTH conversion.
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