Avoid AMT on transfer of IRA to Roth

[Critter-3]

Do you mean a CONVERSION of an IRA to a ROTH ?  

[macuser_22]

If you convert a Traditional IRA to a Roth then unless you have an after-tax basis it will be taxed as ordinary income and add to your AGI which in turn affects the AMT.  (Basis is non-deducible contributions reported on a prior 8606 form.)

[fanfare]

To avoid AMT, convert a lesser amount to a Roth,

You can do another conversion in January.

[macuser_22]

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@fanfare wrote:

To avoid AMT, convert a lesser amount to a Roth,

You can do another conversion in January.

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Good advice.