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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Big Dog who wrote (150449)5/2/2011 3:33:27 PM
From: kollmhn  Read Replies (2) | Respond to of 206323
 
"So, effectively, you're only subject to the additional 3.8% tax if your adjusted gross income exceeds the dollar thresholds listed above."

Correct. And, the tax is only on the lesser of the excess over the AGI or your investment income.

Remember, the income limits for being eligible to convert a traditional IRA to a Roth may expire in 2013. If so, do your conversion now and avoid the bump in your income from that distribution (being subject to the new tax.)