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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: stock leader who wrote (1271)	1/16/2001 6:11:09 PM
From: SC	Read Replies (1) \| Respond to of 1383

Stock Leader, you said: "to anyone who converted from an IRA to a Roth IRA last year you may consider this. if the value of your Roth IRA has dropped since your conversion, you should definitely do a "recharacterization" of your conversion. the IRS allows you to "recharacterize" your conversion to a later date to take advantage of the lower value of your Roth IRA. thus you lessen the conversion tax bite." Does this apply to the conversion done in 1998 and extended the tax for 4 years? Can the recharacterization be done for the last tax year in this year?