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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Stu E. who wrote (1981)3/14/1999 7:56:00 PM
From: mod  Respond to of 5810
 
I looked into Roth conversion income for myself, and the way I read the language, you have two choices:

Include 100% in 1998.

Include a fixed 25% per year starting in 1998.

I was hoping for the flexibility you mentioned as to future years, but I don't see it as being an option.



To: Stu E. who wrote (1981)3/14/1999 9:43:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 5810
 
Yes there is plenty of IRS guidance. It is exactly 25% per year (rounding to the nearest dollar) for 1998, 1999, 2000 and 2001.

Colin