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Question about IRA rollover to Solo401k
QUESTION
Is it possible to contribute to a Roth IRA and then immediately, or later that year, recharacterize it to a Traditional IRA and then roll it over to a Solo401k? I can't seem to find anything that prohibits this.
Thanks in advance for your help.
ANSWER
Re-characterizations only apply to Roth IRA conversions not contributions or rollovers.
VISIT HERE to learn more about the solo 401k rules.
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