Question
Should I have converted traditional to Roth IRA this year?
I submitted 1040-SR this year. I took advantage of the Senior deduction introduced in the OBBBA last year. Some experts suggested that I should have converted some traditional IRA to Roth this year, thereby offsetting the tax obligation of the conversion. The senior deduction is available until 2028. So this would have been the right time to offset the tax burden of the conversion.
Has anyone used this strategy? Is there any flaw in this strategy?
