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Retirement tax questions
Either way. Either make quarterly payments that will not be questioned or a lump sum payment in the quarter that the conversion took place and then enter it on a 2210 form for uneven income. (The IRS has no way to know when the conversion took place, the 5498 an d 1099-R form issued by the financial institution only shows the conversion and not the date of conversion.)
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 22, 2021
6:50 PM