Reply To: Roth IRA recharacterized to TIRA

Home Fairmark Forum Retirement Savings and Benefits Roth IRA recharacterized to TIRA Reply To: Roth IRA recharacterized to TIRA

#5657
Alan S.
Participant

Q 1 – Correct. The 1099R should just be checked for accuracy, and if correct retained with 2019 tax records.

Q 2 – Yes, no way to claim the loss even if all Roth IRAs were closed because the TCJA suspended misc deductions subject to 2% floor through 2025.