Frazer LLP Blog

Can I undo my Roth IRA conversion?

Sep 15, 2017 6:34:56 AM / by Jonathan Smeragliuolo, CPA posted in Tax, Roth IRA

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Converting a traditional IRA to a Roth IRA can provide tax-free growth and the ability to withdraw funds tax-free in retirement. But what if you convert a traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover that you would have been better off if you hadn’t converted it? Fortunately, it’s possible to undo a Roth IRA conversion, using a “recharacterization.”

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