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Writing for Morningstar, Natalie Choate Outlines IRA Recharacterizations

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02.12.2018 | Article

Natalie Choate, a member of Nutter’s Private Client Department, authored an article for Morningstar on how the Tax Cuts and Jobs Act of 2017 affects Roth conversions. In the article, “Where Recharacterizations is Alive and Well,” Natalie discusses other uses for Roth recharacterizations, as any IRA contribution can be recharacterized by transferring the contribution (plus earnings thereon) to a different IRA by the due date (“including extensions”) of the tax return for the contribution year – except as the IRS may otherwise provide through regulation and (now) except for Roth conversion contributions. According to Natalie, the new law simply forbids the recharacterizations of a tax-free rollover contribution.

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