Quote:
Originally Posted by DimondAngels
Any retired CPA's out there who can help me out?
Basically on 3/11/20 I converted a traditional IRA acct. that was valued at $46K into a Roth IRA. Since March the account has grown to over $100K and I was told that if I put the original $46K back into a traditional IRA that there wouldn't be any taxes due.
Any advice would be appreciated. Kevin dimondangels@yahoo.com |
This advice is definitely incorrect. Check facts at irs dot gov . Roth conversions can no longer be reversed.