30 Sep If I do a Roth conversion, how will N.J. treat it for taxes?
Tax-deferral of your IRA won't last forever....
Tax-deferral of your IRA won't last forever....
You don't want to underpay and owe penalties and interest. ...
Roth IRA conversions have specific rules you must follow....
There are advantages to a conversion, but that tax bill will come due....
No one wants to be taxed twice on the same money....
You'll pay taxes now but have a tax-free account for later. ...
Most people can't make a direct conversion of an inherited IRA. ...
If you don't follow the rules, you could face penalties....
There are several ways to pay the tax bill on a conversion....
Pay from an outside account? From the IRA? It depends....