I opened a traditional IRA in 12/07, but I think I might just bite the tax bullet and convert to a Roth already. If I convert prior to April 15, and recharacterize my 07 contribution, do I need to report that somewhere, or will my custodian take care of that end?
Basically, if I understand this correctly, it will be like my traditional IRA never happened as far as Uncle Sam is concerned. I’d just like to confirm that before I march into my bank and go through the process.
Katherine
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Brent
No you need no additional forms. JUst keep all the paperwork involved if a question comes up.
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