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Post by activeonlooker on Feb 26, 2011 13:59:17 GMT -5
I know the new rule regarding taxability of 2010 Roth conversions. To add a spin to the rules, is it possible to include a portion of the conversion in 2010 and then split the remainder between 2011 and 2012? I couldn't find anything that would allow this, but thought I would ask the other tax pros to see if you may have come across this scenario. Thanks in advance!
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Feb 26, 2011 17:12:23 GMT -5
active...
the choices are:
100% pick up in 2010
or
50% pick up in 2011 and 50% pick up in 2012.
But you do not need to make the decision until you file 2010... which could be as late as 10-15-11...
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Post by activeonlooker on Feb 28, 2011 15:20:21 GMT -5
Thanks, MWCPA. I didn't think there were any other alternatives, but thought I would check.
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