Which of the following statements is true concerning a failed conversion from an

Question

Which of the following statements is true concerning a failed conversion from an attempted reconversion? A. the amount will be treated as a conversion from the regular IRA and a conversion to the Roth B. the amount will be treated as a conversion from the regular IRA but a regular contribution to the Roth C. the amount will be treated as a distribution from the regular IRA and a conversion to the Roth D. the amount will be treated as a distribution from the regular IRA and a regular contribution to the Roth

Explanation / Answer

D. The amount will be treated as a distribution from the regular IRA and a regular contribution to the Roth is the right answer. Also look below for more details:

Consequences of a Failed or Ineligible Conversion

A failed or ineligible conversion is treated as a regular distribution from the Traditional IRA and a contribution to the Roth IRA. This treatment of the assets has the following implications:

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