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Recharacterization of Roth IRA Excess Contributions Due to Income Limits

aedwan
Level 4

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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qbteachmt
Level 15

She can use that to open a Traditional IRA now.

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"Level Up" is a gaming function, not a real life function.

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2 Comments 2
rbynaker
Level 13

No.

qbteachmt
Level 15

She can use that to open a Traditional IRA now.

*******************************
"Level Up" is a gaming function, not a real life function.