Roth Conversion

Submitted by Gary Lux on Mon, 2011-03-07 18:30

I have a client that initiated a 401k to Roth IRA conversion direct rollover in November of 2010. The receiving trustee didn’t open the new account until January 2011. The question is, can the client spread the tax over 2011 & 2012 since the rollover was started in 2010?

Thanks,
Gary Lux,



Submitted by Alan Spross on Mon, 2011-03-07 21:43

If a 2010 1099R reporting the distribution was issued, the conversion can be reported on his 2010 return (Form 8606) and the two year deferral would apply unless he opted out of the deferral.

Submitted by Gary Lux on Tue, 2011-03-08 13:52

Thanks Alan!

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