Roth Conversion
Can I do a Roth conversion today at one institution and pay all tax for 2010 tax year, then next week do another Roth conversion at a seperate institution and sread that tax over 2011 and 2012? TA
Can I do a Roth conversion today at one institution and pay all tax for 2010 tax year, then next week do another Roth conversion at a seperate institution and sread that tax over 2011 and 2012? TA
Permalink Submitted by Alan Spross on Tue, 2010-11-30 20:53
No, you must make the same deferral election on all your 2010 conversions.
However, if you are married and spouse also has retirement accounts to convert, the spouse can make a different election than you do.