The value of my Roth IRA from a conversion that I made earlier in 2015 declined so I recharacterized part of it as a traditional IRA in September. Is there any limit on the number of partial recharacterizations I can make?

No, you can do it more than one time. However, you must wait until the following year to make a Roth IRA conversion of the funds that had been recharacterized.

Tags: partial recharacterization, Roth IRA, Traditional IRA

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Tax Glossary

Individual retirement account (IRA)

A retirement account to which up to $4,000 (or $5,000 if you are 50 or over) may be contributed for 2007, but deductions for the contribution are restricted if you are covered by a company retirement plan. Earnings accumulate tax free.

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