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March 3, 2009

How do I calculate the NIA on the amount being recharacterized?

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How do I calculate the NIA on the amount being recharacterized?

How do I calculate the NIA on the amount being recharacterized?

Check with your IRA custodian to determine if they will assist you with the calculation. If not, use the IRS provided formula available in TD 9056 which is available at http://www.irs.gov/pub/irs-regs/td9056.pdf

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at http://irapublications.com. Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.

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