Guest Metrecht Posted October 11, 2001 Posted October 11, 2001 When the Roth IRA first was available (in '98?) they had a option, if you rolled it over then, to spread your extra tax payments over a number of years. Was this four years or three years? I need to know if I'm done with paying the extra. Thanks in advance!!!!!!
Michael Devault Posted October 11, 2001 Posted October 11, 2001 If you converted your traditional IRA to a Roth IRA in 1998, you could spread the taxes evenly over a four year period. Your tax return for 2001 will be the last year that you have to include a part of the amount converted in income.
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