Adding to a Roth Conversion for 2005 tax year?

[Guest muckmail]

I did a partical conversion for a traditional IRA to a Roth IRA sometime in December of

2005 for may 2005 taxes. I now find that I would have been better off to convert a larger

amount money during December of 2005 but now we are in 2006 and I have not filed my 2005

taxes. Is it possable to convert some more money from my traditional IRA to my Roth

IRA and add it to my 2005 taxes instead of my 2006 taxes even though we are in 2006?

I don't think I can do that because it would be considered a 2006 Roth Conversion instead

of a 2005 Roth conversion but can anyone tell me so I am sure since it is before the 2005

filing deadline?

thank you,

[Appleby]

The deadline for performing a Roth IRA conversion for 2005 is 12/31/2005. This means that the assets must have been distributed from the traditional IRA y 12/31/2005 (actually 12/30/2005 since that was the last business day). If the amount was distributed by the deadline, it can be rolled –as a conversion-to a Roth IRA within 60-days and be considered a conversion for 2005.

[John G]

You may be better off doing partial conversions for two reasons: (1) a partial conversion gets you many of the flexibility and estate planning benefits at lower cost, and (2) if you can continue to do partial conversions, you may avoid bracket bump up due to the conversion.

(cup is half full, perhaps)