Change Roth IRA contribution to traditional after the fact

[ecmcn]

If you've already made Roth IRA contributions for 2014 and 2015, is it possible to recharacterize them as traditional IRA contribs before tax time? The info I've been able to find on this is related to recharacterizing a traditional-to-Roth conversion, as opposed to just changing a straight up Roth contribution.

I've just realized that various changes I made in 2014 have brought my AGI into the range where I'm allowed a traditional IRA deduction, but I've been making the IRA contributions on Jan 1.

Eric

[Cwadda]

Yes, I believe you can. I have recharacterized X money within a Roth from 2013 to 2014. I don't see why you wouldn't be able to go Roth to Traditional. Call your custodian and they should be able to help you out in a few minutes. Vanguard and Fidelity have both had stellar customer service in my experience.

[johnny847]

I did exactly what you want to do. Pretty simple, I called up Vanguard and said I wanted to recharacterize Roth contributions to traditional. They asked me to fill out a form, and I mailed it in. They calculated the appropriate gains for me.

[ecmcn]

Thanks for the responses. I'll give them a call today.