Made a Roth IRA contribution in January of ‘25 but it’s looking like I’m going to be over the MAGI limit when I file my taxes. Schwab has a form I fill out to complete the re-characterization of that contribution to a traditional IRA. My question is part 7 of [this form](https://bynder.schwab.com/m/789a5530c89c4f0c#toolbar=1&navpanes=1&scrollbar=1&view=fitH).
I assume in part 7 I’m checking the box that says “part of the account” as my Roth IRA has contributions from previous years. I only need to re-characterize the 2025 contribution so is this correct? Also, does it make sense to sell $7000 worth of securities in that Roth and have them transfer the cash balance or is transferring the securities I choose worth of $7000 have the same effect? I think I’d rather transfer the securities if there is no difference.
When this re-characterization is completed I guess using the back door Roth method is advisable to get it back in my Roth?