A question about Roth conversion

Hi,

I made Roth conversion(from Traditional IRA to Roth IRA) in July 2011. 

Now I find I need to pay a lot tax. If I recharacterize (Rollback or unconvert)before April 15, 2012, Do I still need to pay tax for it? what is the tax consequence?

Thanks so much!

Bo

所有跟帖： 

• why do u need to pay tax? 你是不是连收益也一起convert了 -海棠花儿- ♀ (0 bytes) () 03/20/2012 postreply 13:17:56

• both contributions and earnings are taxable -commonsense888- ♀ (236 bytes) () 03/20/2012 postreply 13:30:07

• 完全是可以的。只要4/15之前转回即可。 -美蓝海- ♀ (0 bytes) () 03/20/2012 postreply 15:08:18