can you recharacterize a roth contribution
One of the main reasons that people choose to recharacterize a Roth IRA back into a Traditional IRA is because their investments have suffered serious losses since their conversion. For example, if you have a Traditional IRA with a balance of $100,000 that you converted into a Roth IRA, you owe taxes on that conversion.here are several reasons that you may want or need to recharacterize an IRA contribution. Your contribution may benefit from a recharacterization if the value of your investments has declined since the time you made the conversation from Traditional IRA to a Roth.