IRA Conversion to Roth

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  • arlo
    Senior Member
    • Feb 2008
    • 285
    #1

    IRA Conversion to Roth

    Have client wanting to make a IRA conversion to Roth. Is the Converstion rules beginning in 2010 concerning income and filing status still good for 2012 with no 10% early withdrawal penalty.
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    • appelman
      Senior Member
      • Jan 2010
      • 1195
      #2
      Still good.

      In fact, highly recommended by many financial advisers, because of possible upcoming tax rate increases. Incidentally, I am unaware that a Roth conversion ever entailed a 10% penalty.
      Evan Appelman, EA

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        • arlo
          Senior Member
          • Feb 2008
          • 285
          #3
          IRA to Roth

          Thanks for the reply. Only reason I added the 10% penalty was it was mentioned in the Tax book and I was not sure.
          It would stand to reason since it is not a distribution.

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