Permalink Submitted by Alan Spross on Tue, 2010-10-12 17:52
Yes, you can do as many conversions as you wish in any year you wish, so your plan is OK.
If you have non deductible contributions in your TIRA, the taxable percentage of conversions done in 2010 is determined with values at the end of 2010 even though the income is not reported until the next two years. A 2011 conversion with non deductible contributions is subject to the values at the end of 2011, so you might have different %s taxable on your 2011 conversion income since the %s are based on the different year end numbers for 2010 conversions vrs 2011 conversions.
Permalink Submitted by Alan Spross on Tue, 2010-10-12 17:52
Yes, you can do as many conversions as you wish in any year you wish, so your plan is OK.
If you have non deductible contributions in your TIRA, the taxable percentage of conversions done in 2010 is determined with values at the end of 2010 even though the income is not reported until the next two years. A 2011 conversion with non deductible contributions is subject to the values at the end of 2011, so you might have different %s taxable on your 2011 conversion income since the %s are based on the different year end numbers for 2010 conversions vrs 2011 conversions.