Pro-rating the Taxability of ROTH Conversions

[Rlmea]

Taxpayer converted $50,000 in 2010. They want to report $20,000 in 2010, $15,000 in 2011 & $15,000 in 2010. Can this be done? Everything I read, was the option to report 100% in 2010 or 50/50% in years 2011 & 2012.

RLMEA

[Dusty2004]

3 options

1) If we are talking about 1 taxpayer - pay tax on all in 2010

2) If we are talking about 1 taxpayer - pay 1/2 tax in 2011 and 2012

3) If a husband and wife each taxpayer can choose one of the options above seperately.

Dusty

[BP.]

Taxpayer converted $50,000 in 2010. They want to report $20,000 in 2010, $15,000 in 2011 & $15,000 in 2010. Can this be done? Everything I read, was the option to report 100% in 2010 or 50/50% in years 2011 & 2012.

RLMEA

No, can't choose a three year reporting period, but if the taxpayer does 50/50 in 2011 & 2012, and had preferred the three year spread, can they just make an estimated payment for 2011 for the amount they figured they'd have to pay for the income they wanted to report in 2010?