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
VolvoGirl
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
VolvoGirl
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.