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Dr WLS
Dr WLS, PhD and estate manager
Category: Tax
Satisfied Customers: 483
Experience:  I manage millions in investments, have owned and sold rental property and usually do my own taxes
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rollover of Roth IRAs to traditional IRAs

Customer Question

Can I roll over my 2 small Roth IRAs into a traditional IRA? The Roth IRAs were not originally recharacterized from traditional IRA funds. If so, can you quote the revenue ruling or Publication which allows this? If not, can you also quote the reason it would be prohibited. Thanks.
Submitted: 11 years ago.
Category: Tax
Expert:  Dr WLS replied 11 years ago.
Although the Roths may be small, the income from them will be tax free. Why on Earth would you want to make the income taxable again?
Expert:  Sandi Hargrove, SkyHawks replied 11 years ago.

Rollovers to a Traditional IRA are allowed only from another qualified plan(a Roth IRA is not one of these) or from an inherited Traditional IRA. Rollover from a Roth to a Traditional IRA is not one of the allowable transactions listed in the IRS code.


Go to www.irs.gov and review pub 590 for more details.

Customer: replied 11 years ago.
I realize that it is not "discussed" in Pub 590. It is also not listed as a prohibited transaction in Pub 590.    My question is, just because it is not "discussed" in Pub 590, does that make it not allowable? Perhaps no one has ever thought to make such a transaction. Any clues out there?
Expert:  Dr WLS replied 11 years ago.
My opinion about this is as follows. Roth-to-Regular IRA conversions are not discussed or permitted because they are NOT in the best interest of the owner. You are being prevented from the serious error of making ALL of the money in the IRA, including future earnings, eventually subject to income tax, whereas the Roth it is completely free of income tax.
Dr WLS, PhD and estate manager
Category: Tax
Satisfied Customers: 483
Experience: I manage millions in investments, have owned and sold rental property and usually do my own taxes
Dr WLS and 3 other Tax Specialists are ready to help you
Customer: replied 11 years ago.
Hello and thanks. I accepted an answer.

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