Reconversion Definition
What Is a Reconversion? An individual retirement account (IRA) reconversion—or recharacterization—allowed investors to reverse a Roth IRA conversion by shifting the funds back into a traditional IRA. However, the Tax Cuts and Jobs Act of 2017 banned the practice. Today, a Roth IRA conversion is irrevocable—once you transfer funds into a Roth, you can’t undo