Roth Conversion in Pennsylvania

#4 12-14-2003, 06:03 AM

- quote -

> I actually contributed when I lived in another state, and
> then moved to Pennsylvania. Does this change the situation?

No. But conversely, if you contributed all your money in PA
and moved to a state that taxes retirement funds, you would
have to pay THAT state tax.

Helen, EA in PA
Member of The Tax Gang
President, PA Society of Enrolled Agents
Campaigning for NAEA Board of Directors - Looking for YOUR vote

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

#3 12-12-2003, 01:47 PM

sorry_no_email[at]yahoo.com (BrianEWilliams) writes:
- quote -

> taxservice[at]aol.compliance (John H. Fisher) wrote:
> > sorry_no_email[at]yahoo.com (BrianEWilliams) writes:

> > > Here in the great state of Pennsylvania, retiree income is
> > > not taxed. For example, distributions from your IRA are not
> > > taxable at the state level if you are retired.
> > > > > If I convert Traditional IRA money to Roth IRA money, would
> > > I have to pay PA state tax on the conversion amount?

> > NO!!! 'cause you paid tax to PA on your original
> > contributions to your traditional IRA.

> I actually contributed when I lived in another state, and
> then moved to Pennsylvania. Does this change the situation?

NO!!!=

"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

#2 12-12-2003, 03:28 AM

taxservice[at]aol.compliance (John H. Fisher) wrote:
- quote -

> sorry_no_email[at]yahoo.com (BrianEWilliams) writes:

> > Here in the great state of Pennsylvania, retiree income is
> > not taxed. For example, distributions from your IRA are not
> > taxable at the state level if you are retired.
> > > If I convert Traditional IRA money to Roth IRA money, would
> > I have to pay PA state tax on the conversion amount?

> NO!!! 'cause you paid tax to PA on your original
> contributions to your traditional IRA.

I actually contributed when I lived in another state, and
then moved to Pennsylvania. Does this change the situation?

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

#1 12-07-2003, 10:01 PM

sorry_no_email[at]yahoo.com (BrianEWilliams) writes:

- quote -

> Here in the great state of Pennsylvania, retiree income is
> not taxed. For example, distributions from your IRA are not
> taxable at the state level if you are retired.
> If I convert Traditional IRA money to Roth IRA money, would
> I have to pay PA state tax on the conversion amount?

NO!!! 'cause you paid tax to PA on your original
contributions to your traditional IRA.

"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

12-07-2003, 09:22 PM

- quote -

> Here in the great state of Pennsylvania, retiree income is
> not taxed. For example, distributions from your IRA are not
> taxable at the state level if you are retired.
> If I convert Traditional IRA money to Roth IRA money, would
> I have to pay PA state tax on the conversion amount?

No.

Helen, EA in PA
Member of The Tax Gang
President, PA Society of Enrolled Agents
Campaigning for NAEA Board of Directors - Looking for YOUR vote

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

#-1 12-04-2003, 04:32 AM

Here in the great state of Pennsylvania, retiree income is
not taxed. For example, distributions from your IRA are not
taxable at the state level if you are retired.

If I convert Traditional IRA money to Roth IRA money, would
I have to pay PA state tax on the conversion amount?

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

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