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Community: Investing Wiki

Term Of The Hour

recharacterization rules: Original post by Dale Bye of Demand Media Most investing decisions come with a no-refund, no-exchange policy, but the IRS allows for buyer's remorse if you converted all or part of a traditional IRA into a Roth. You even can wait until you see your tax bill before deciding whether to undo a conversion. The IRS calls this second chance a "recharacterization," and it has precise rules to…

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