Two Roth conversions in 2010, different treament?
Can I do two conversion in 2010, then pick one to be added to 2010 income and the other to be added to 2011/2012 income?
Can I do two conversion in 2010, then pick one to be added to 2010 income and the other to be added to 2011/2012 income?
Permalink Submitted by Alan Spross on Wed, 2009-12-30 22:34
No. You must make the same election on all your 2010 conversions. However, if you are married and your spouse has assets to convert, your spouse can make a different election for their conversions than you do.
If you are single and want to use your 2010 tax bracket, just opt out of the two year deferral and convert only the amount you want in your 2010 bracket. Then do the same in 2011 and 2012. This is the same approach you would have used in years prior to 2010, but in 2010 you must make a specific election to avoid the two year deferral.
Permalink Submitted by daniel callahan on Wed, 2009-12-30 22:47
Thanks!
I like the spousal idea.