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Level 5
February 7, 2024
Solved

Recharacterization of Roth IRA Excess Contributions Due to Income Limits

  • February 7, 2024
  • 2 replies
  • 14 views

Husband and wife have separate Roth IRA’s but only husband has traditional IRA. Both ended up with excess contributions to each of their separate Roth IRA due to income limits. Can wife recharacterize her excess Roth contributions to her husband’s traditional IRA since she doesn’t have traditional IRA?

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Best answer by qbteachmt

She can use that to open a Traditional IRA now.

2 replies

rbynaker
Level 13
February 7, 2024

No.

qbteachmt
qbteachmtAnswer
Level 15
February 7, 2024

She can use that to open a Traditional IRA now.

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