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State Taxes on Roth IRA Conversions?


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Guest larry weiss
Posted

I am told that some states allow people to convert IRA's to Roth IRA's

without paying a state income tax on the conversion?

Which State allow you to convert an IRA to Roth IRA state income tax Free?

Can someone provide a list of those states?

I realize that these conversions would be subject to a Federal income tax.

Thanks

Larry

Posted

The withholding rules for Roth conversions is similar to those for traditional IRA distirbutions.

This , posted by CIGNA on benefits link, may help

http://www.cigna.com/professional/pdf/2002...g_BulletinT.pdf

Life and Death Planning for Retirement Benefits by Natalie B. Choate
https://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/

www.DeniseAppleby.com

 

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