Roth IRA to Trad IRA back to Roth IRA (funds, income, convert)

[selhars]

Just checking to make sure I haven't overlooked any considerations.....

1) This year, before tax time obviously, I had to (chose to) recharacterize about $400 of disallowed contributions that I had put into my Roth IRA last year. (It wasn't allowed due to income.)

2) So I had that amount and its gain recharaterized into my Trad IRA.

3) Now, I'm planning to re-contribute (convert) it to the Roth IRA.

-- As before, I convert the original amount and the gain? Correct? (not that there was much gain this year)

The mutual fund house will actually take care of it. And I'll get the right documentation and all that.

I'll also in a separate transaction months apart convert enough to fill up my tax bracket.

But as far as converting the RECHARACTERIZED funds.....any special considerations I may have over looked?

Thanks.

(I do know that Roth conversion starting this year -- with the tax changes -- canNOT be undone (as before). But that's not an issue here.)

Anything else?

[selhars]

Well, since one Roth IRA question was answered, I figured someone might answer this one as well.
Thanks.

[Lowexpectations]

I believe this time it will work off of conversion amount so the contribution or gain I don’t think factor into the taxation portion.

This franklin templton worksheet doesn’t address gains or losses so I don’t think it would apply

https://www.franklintempleton.com/fo...oad/RIRA-FCALC