So I funded my ROTH early last year (2014 contribution in 2014). After learning about the IRA ladder I decided to recharacterize my contribution in December and moved the contribution into an existing IRA (dumb I know, I could have waited until I actually did my taxes) as I projected my income to be below the deductible threshold. Well it turns out that it will not be deductible due to some last minute extra income. Can I just undo the recharacterization? I can not seem to find any information about this. Or would it just be a conversion at this point? If so, would the pro-rata rules apply like a back door ROTH as my IRA would have 90% deductible and 10% non-deductible contributions at this point. If so, I guess I could just leave it in place and increase my IRA ladder accordingly?
