IRS Reminds Taxpayers to Report 2010 Roth Conversions on 2012 Returns

IRS Reminds Taxpayers to Report 2010 Roth Conversions on 2012 Returns

Taxpayers who converted amounts to Roth IRAs or designated Roth accounts in 2010 and chose to defer the tax (under a special rule that applied only to 2010 conversion) must report half of the resulting taxable income on their 2012 returns. See IRS reminder here.

By |June 17th, 2013|Categories: Individual Tax, Retirement Planning|Tags: , , , , |Comments Off on IRS Reminds Taxpayers to Report 2010 Roth Conversions on 2012 Returns

About the Author: