more than one conversion in 2010
Does anyone know if it is possible to do more than one Roth conversion in 2010, electing to treat the income of one in 2010 and splitting the income of the other to 2011/2012? Or, alternatively, treating income for one spouse’s conversion in 2010 and the other spouse in 2011/2012?
Permalink Submitted by Alan Spross on Mon, 2010-02-01 20:55
Each person must make the same election for all their 2010 conversions, either defaulting to two year deferral on all conversions or opting out and reporting all in 2010.
But a spouse of that person can make a different election from their spouse for their own conversion(s) if they wish.