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Converting from ira to roth. Max amount? is the taxable amount treated as normal income? I Need to raise tax base due to solar refund.

 
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VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Converting from ira to roth. Max amount? is the taxable amount treated as normal income? I Need to raise tax base due to solar refund.

No max.  Yes it will be ordinary income and taxed.  It may push you into a higher tax bracket so be careful.   But yes you can do that so the credit will cover the tax.  

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VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Converting from ira to roth. Max amount? is the taxable amount treated as normal income? I Need to raise tax base due to solar refund.

No max.  Yes it will be ordinary income and taxed.  It may push you into a higher tax bracket so be careful.   But yes you can do that so the credit will cover the tax.  

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