Multiple Roth Conversions in 2010
I understand you can open multiple Roth accounts with multiple IRA conversions in 2010. Can you then decide which ones to have taxed as 2010 income, and which ones to have taxed as 2011 and 2012 income?
I understand you can open multiple Roth accounts with multiple IRA conversions in 2010. Can you then decide which ones to have taxed as 2010 income, and which ones to have taxed as 2011 and 2012 income?
Permalink Submitted by Alan Spross on Wed, 2010-02-03 19:47
No. You must make the same election for all of your 2010 conversions. A spouse could make a different election for their own conversions.