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Level 1
posted Oct 3, 2024 2:20:58 PM

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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1 Best answer
Level 15
Oct 3, 2024 2:31:25 PM

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.  

1 Replies
Level 15
Oct 3, 2024 2:31:25 PM

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.