Bogleheads.org

You are not doing a reconversion because you never did an initial conversion. This is just a recharacterization of a REGULAR IRA contribution from one type of IRA to another. Once that is done, you will do your initial conversion. It would not become a reconversion until you recharacterized your in...

Thanks Sarah. It makes sense, but I'm also concerned about reconversion limits. Can anyone make sense of the IRS rules regarding reconversion in Pub 590? i.e. http://www.irs.gov/publications/p590/ch01.html#en_US_2011_publink1000230678 Taken from this publication... Reconversions You cannot convert a...

Bump - updated title in hopes of getting some help - anyone?

During the 2011 tax filing season (~March 2012), I decided to take some extra cash and open Roth IRAs for my wife and I. Both of us work and have employer sponsored 401k and pension accounts, but neither of us had any IRA accounts. I made a mistake in calculating the contribution amounts and over co...