Can I reverse some rollover to ROTH
In 2022 I Rolled over money from my 403B to a ROTH. I had a better year than expected and this puts me in a higher tax bracket. Can I reverse a portion of this rollover?
Thanks,
Rick
In 2022 I Rolled over money from my 403B to a ROTH. I had a better year than expected and this puts me in a higher tax bracket. Can I reverse a portion of this rollover?
Thanks,
Rick
Beginning with the 2018 tax year, undoing Roth conversions are no longer permitted.
Please read this TurboTax article for more information.
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