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Retirement tax questions
Thanks for your reply. I am interested in paying the taxes due for the conversion over 3 years, which I think is allowed. Some tax advisors say this violated the spirit of the law, and the IRS will likely disallow it in the future, with penalties for those who took a CRD and converted it to a Roth ira. I'd like some assurance that it really is legal. Thats all. It was a 100,000 conversion, so paying taxes on a 33,333 conversion each of 3 years is my plan.
March 4, 2021
5:40 PM