Permalink Submitted by mk foss on Thu, 2008-10-23 16:59
The Roth conversion income is taxed as ordinary income. Losses from stock sales offset capital gains first and then up to $3,000 per year of ordinary income. No dollar for dollar offset against the Roth income is available.
Permalink Submitted by mk foss on Thu, 2008-10-23 16:59
The Roth conversion income is taxed as ordinary income. Losses from stock sales offset capital gains first and then up to $3,000 per year of ordinary income. No dollar for dollar offset against the Roth income is available.