Undoing Contributions and Conversions
Top of our guide to undoing, or recharacterizing, a Roth IRA
conversion or contribution.
For one reason or another, you may want — or need — to undo a
contribution or conversion to a Roth IRA. Fortunately there's a way to
do that. In fact, more than one.
This page describes ways to handle excess contributions. If
you've contributed too much to a Roth IRA, or made a contribution or
conversion when you weren't allowed to do so, you've made an excess
contribution. To avoid penalties, you have to correct the excess
contribution by the return due date for the year in which it occurred.
You can correct certain types of excess contributions by having the
contributions, together with any earnings, transferred to a different
type of IRA. The IRS calls this a recharacterization. You can use
this rule to change your mind about a contribution or conversion even if
it isn't an excess contribution.
This page explains what contributions are eligible for switching, the
deadline for making the switch, and other important rules.
This page lays out the specific steps you need to take when you want to
This page explains how to determine the amount of earnings to transfer
when you switch a contribution from one IRA to another.
Reconversion to Save
Visit this page if you're using this switch to undo and redo a Roth IRA
conversion to save taxes.
An IRS notice explains how to do a recharacterization even after the
deadline has passed.
Here are the other topics in our Guide to the Roth IRA: