IRA characterization

Jeffrey Janofsky

I created an IRA account and mischaracterized it as a Roth rather than as a SEP IRA. Is there any way to change the account from Roth to SEP?

Jim_Harman

Create the new account and back up first, then click the gear at the top right of the old account and pick Move transactions. Read the instructions carefully.

Jim_Harman

No unfortunately you need to create a new account of the correct type. However you can move the transactions to the new account if you want.

Jeffrey Janofsky

How would I move the transactions?

Jim_Harman

Create the new account and back up first, then click the gear at the top right of the old account and pick Move transactions. Read the instructions carefully.

Jeffrey Janofsky

Thanks very much for your help