- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
When does one pay taxes when converting IRA to a ROTH IRA?
I am considering converting my small IRA into a ROTH IRA. Can I do that in the middle of the year and report it on line 15b as a taxable distribution and then pay the taxes for the year I am converting it in?
The IRA is a residual converted amount from a company 401k done a few years back.
My income is such that I may be able to cover the taxes owed for 2017.
Topics:
‎June 6, 2019
6:04 AM