Guest Bernie K Posted December 11, 1998 Posted December 11, 1998 Does the IRS have any objection to offsetting a loss carryforward against the yearly income to be declared from an IRA conversion?
BPickerCPA Posted December 11, 1998 Posted December 11, 1998 If you have a loss carryforward available, that is utilized in computing taxable income. It's not a question of IRS objection. It's only a question of proper computation of the tax. Barry Picker, CPA/PFS, CFP New York, NY www.BPickerCPA.com
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