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ROTH CONVERSION
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bh2os
Feb 8, 2012, 12:08:03 PM2/8/12
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I took advantage of the offer to convert from a Trad. IRA to a ROTH
IRA in 2010. I can claim 1/2 of the amount for TYrs 2011 and the
other half in 2012 . I would like to claim the entire amount in TY
2011 but software defaults for only half, how do I change it so I
claim the entire amount correctly.
Thank you all.
BW
Pls refrain from telling me to call TaxWise folks right now, with some
more information I might be able to explain it better :)
--
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<< that may be imposed upon the taxpayer. >>
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IRA in 2010. I can claim 1/2 of the amount for TYrs 2011 and the
other half in 2012 . I would like to claim the entire amount in TY
2011 but software defaults for only half, how do I change it so I
claim the entire amount correctly.
Thank you all.
BW
Pls refrain from telling me to call TaxWise folks right now, with some
more information I might be able to explain it better :)
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
Mark Bole
Feb 8, 2012, 1:26:13 PM2/8/12
to
On 2012/02/08 09:08, bh2os wrote:
> I took advantage of the offer to convert from a Trad. IRA to a ROTH
> IRA in 2010. I can claim 1/2 of the amount for TYrs 2011 and the
> other half in 2012 . I would like to claim the entire amount in TY
> 2011 but software defaults for only half, how do I change it so I
> claim the entire amount correctly.
>
> Thank you all.
>
> BW
>
> Pls refrain from telling me to call TaxWise folks right now, with some
> more information I might be able to explain it better :)
>
As I recall, including 100% of the 2010 Roth conversion income in 2011
> I took advantage of the offer to convert from a Trad. IRA to a ROTH
> IRA in 2010. I can claim 1/2 of the amount for TYrs 2011 and the
> other half in 2012 . I would like to claim the entire amount in TY
> 2011 but software defaults for only half, how do I change it so I
> claim the entire amount correctly.
>
> Thank you all.
>
> BW
>
> Pls refrain from telling me to call TaxWise folks right now, with some
> more information I might be able to explain it better :)
>
was and is not an option under the tax law. So it would seem that your
software is guiding you to do the correct thing.
--
Mark Bole
EA in CA
makbo at pacbell dot net
Seth
Feb 8, 2012, 3:38:37 PM2/8/12
to
In article <3dc6d6c5-d5f1-41d9...@i2g2000vbv.googlegroups.com>,
2011 and 2012.
Seth
bh2os <bh2...@gmail.com> wrote:
>I took advantage of the offer to convert from a Trad. IRA to a ROTH
>IRA in 2010. I can claim 1/2 of the amount for TYrs 2011 and the
>other half in 2012 . I would like to claim the entire amount in TY
>2011 but software defaults for only half, how do I change it so I
>claim the entire amount correctly.
Your choices were to claim the full amount in 2010, or half in each of
>I took advantage of the offer to convert from a Trad. IRA to a ROTH
>IRA in 2010. I can claim 1/2 of the amount for TYrs 2011 and the
>other half in 2012 . I would like to claim the entire amount in TY
>2011 but software defaults for only half, how do I change it so I
>claim the entire amount correctly.
2011 and 2012.
Seth
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