Yes, but if that causes a substantial tax liability, I think you will get hit with penalties because you didn't pay proportionally throughout the year. As I recall, it is treated as if that income were earned evenly throughout the year. The problem is that I often don't know how much conversion makes sense until very late in the year, given the large variability in my income from month to month. So, if a safe haven would protect me, that would be comforting.
While I appreciate the efforts, I don't think either you or the person before you, has answered the question I asked. I need someone who knows California tax regs. I was hoping about 10% of you folks lurking might be from California! Time is running out. Help, please!
