An earlier query from me concerned conversion of a Sep to a Roth. I wanted to know if this year's (1998) contribution to the Sep would still be considered an adjustment to income.
Besides this forum, I posted similar inquiries at two other web sites, one of which is the IRS.
IRS flatly states that I may not "recharacterize a current year's contribution to a SEP-IRA over to Roth IRA."
Apparently I may only "convert" previous year's SEP to a Roth.
Comments?