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A few months ago when the market dropped, I requested that my IRA be converted to a Roth. By the time the discount broker got around to making the change, the market had a significant run-up. I called to try and stop the transaction and I was assured that the transaction would be put on hold. Well they made the transaction anyway. I am headed for Brown and company in short order.

I understand, I can have the Roth placed back into an IRA and later converted back to a Roth. I believe I read this some where on the board but would appreciate confirmation. Do I have just this year 2000 to make the change? Will the fee be the taxed amount between the recaracterization and the next conversion. So much to learn but with the fools help, it is so much easier. Thanks so much for you assistance
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<< I understand, I can have the Roth placed back into an IRA and later converted back to a Roth. >>

I assume that the only thing you've done is convert your traditional IRA to Roth, and you've done so in year 2000. If you, you have until 10/15/2001 to "recharacterize" (term of art) the conversion. If you do this, it will be as if the conversion never happened.

You may later again convert your traditional to Roth, but not in 2000, and possibly not in 2001. You can get more information in the Tax FAQs, accessible through the Quick Find dropdown menu in the upper-right corner of this screen.

TMF ExRO
Phil Marti
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