Source (p. 637 and 639):
Relevant text:
[Present Law:]
268 Although an individual with AGI exceeding certain limits is not permitted to make a contribution directly to a Roth IRA, the individual can make a contribution to a traditional IRA and convert the traditional IRA to a Roth IRA, as discussed below.
[Proposed:]
277 In addition, an individual may still make a contribution to a traditional IRA and convert the traditional IRA to a Roth IRA, but the provision precludes the individual from later unwinding the conversion through a recharacterization.
Submitted December 18, 2017 at 01:21PM by CalebWetherell http://ift.tt/2B9Vf2k
