I'd like a little more clarification, because I'm in the same boat. Also, for the record, I usually receive a federal tax refund from the IRS each tax year of $2,000. In this scenario, are you saying that for the Roth conversion of $20,000, s/he should take $5,000 out of the Roth conversion amount of $20k, thereby depositing $15k into the Roth, and then taking the $5,000 and writing a check to the IRS? What if s/he is in the 22% tax bracket? Thanks in advance.
