Can I pay taxes on my Roth IRA conversion in installments?
April 12, 2006
Date: Wed, 22 Mar 2006
I converted nearly all of my retirement savings into a Roth IRA in 2005.
May I pay my taxes in four annual installments, or was that rule only for conversions in 1998?
Thank you, sir!
Date: Mon, 03 Apr 2006
The ability to pay income taxes on a Roth conversion in four installments is no longer available. It only applied for conversions made during 1998.
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