IRA converting to Roth IRA
Now that I filed the 2016 tax return when can I transfer some of my IRA to a Roth IRA? I moved some last year and paid the taxes on that this year when my tax returns were filed.
Now that I filed the 2016 tax return when can I transfer some of my IRA to a Roth IRA? I moved some last year and paid the taxes on that this year when my tax returns were filed.
Permalink Submitted by William Tuttle on Wed, 2017-04-19 19:17
Roth conversions are reportable and taxable in the tax year they occur. There is no dependency on your tax filing, except for the removal of excess contributions and/or recharacterizations.