Do I get deduction from regular IRA in year I convert to Roth? I know I have to pay taxes on amount transferred?

I know I have to pay taxes on amount transferred. I converted my wife and my regular IRA into a Roth in late 2008. I have contributed $12,000 for 2008.

Can I claim the regular deduction for the regular IRA and then pay the taxes on the conversion as required? Asked by aussie12 40 months ago Similar Questions: deduction regular IRA year convert Roth pay taxes amount transferred Recent Questions About: deduction regular IRA year convert Roth pay taxes amount transferred Business > Taxes.

Similar Questions: deduction regular IRA year convert Roth pay taxes amount transferred Recent Questions About: deduction regular IRA year convert Roth pay taxes amount transferred.

Depends If you have a real estate IRA account with a big company I would contact them directly. They have high priced attorneys that know all the rules. Your prob paying huge fees like if you are with vanguard.com/ So the attorneys are paid to know the answer to that If you are with a small site like captialira.com you prob have an advisor to call about your IRA.

Basicly, you shouldnt be asking chumps like me and contact the expert! .

" "I am 61 retire at 65 in 25% tax bracket probably 15% retirement. Shd I roll 401Kto Roth IRA pay taxes now? " "It's the money amount that appears in DEAL OR NO DEAL?

AFTER taxes" "if I have a 401b account with money taken out pre-taxes can I still put $5000 in a regular IRA? " "can I pay my taxes one time a year due to a 1099" "Have you done your taxes yet this year? If not, why not?

" "how do I find out if I did my taxes last year" "i just retired and have 80,000 in my 401k. If I roll it over to a Roth IRA, Do I pay taxes on it at that time?

I am 61 retire at 65 in 25% tax bracket probably 15% retirement. Shd I roll 401Kto Roth IRA pay taxes now?

Can I pay my taxes one time a year due to a 1099.

How do I find out if I did my taxes last year.

I just retired and have 80,000 in my 401k. If I roll it over to a Roth IRA, Do I pay taxes on it at that time?

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.