Hi,
I converted 120K from IRA to Roth IRA in 2024 and asked fidelity not to withheld tax on that conversion as I will pay estimated tax. I'm a part year resident as I lived in Michigan for 3 months till march end. I will get 1099-R next year.
I am preparing to pay estimated tax. My questions -
1. Should I account for 120K conversion as income and pay tax in Michigan ? I know I have to pay federal tax but not sure about Michigan tax. I did the conversion in February while I was in Michigan.
2. Can I claim personal exemption of $5800 in Michigan 2025 return being a non resident ?
Regards'
RM
