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Old 10-30-2008, 01:11 PM
D. Stussy
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Default Re: Conversion to Roth IRA Counted as Required Distribution

"Arthur Kamlet" <kamlet[at]panix.com> wrote in message
news:geajl1$pp8$1[at]reader1.panix.com...
- quote -

> In article <89266$49089806$4ad7b65a$19960[at]FUSE.NET> ,
> Jim Chapman <Bigumm[at]fuse.net> wrote:
> > I thought I saw information that for this year a required

distribution
> > from an IRA can be converted into a Roth IRA. I understand that

previously
> > any rollover to a Roth did not count towards the required distribution.

Is
> > this true? Does anyone have a source for it?

> I have not heard of any such rule.
> Moreover, the IRS today released this report. See Item G which
> is related to your question:
> http://www.irs.gov/taxpros/article/0,,id=187807,00.html


Interesting, but technically a Roth conversion isn't a rollover because tax
is paid. My instinct says that the MRD can't be converted, but anything
that is converted avoids future MRDs, so it should still be done....

I also found item "H" interesting.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 10-29-2008, 08:13 PM
Arthur Kamlet
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Posts: n/a
Default Re: Conversion to Roth IRA Counted as Required Distribution

In article <89266$49089806$4ad7b65a$19960[at]FUSE.NET> ,
Jim Chapman <Bigumm[at]fuse.net> wrote:
- quote -

> I thought I saw information that for this year a required distribution
> from an IRA can be converted into a Roth IRA. I understand that previously
> any rollover to a Roth did not count towards the required distribution. Is
> this true? Does anyone have a source for it?


I have not heard of any such rule.

Moreover, the IRS today released this report. See Item G which
is related to your question:

http://www.irs.gov/taxpros/article/0,,id=187807,00.html
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 10-29-2008, 04:31 PM
Jim Chapman
Guest
 
Posts: n/a
Default Conversion to Roth IRA Counted as Required Distribution

I thought I saw information that for this year a required distribution
from an IRA can be converted into a Roth IRA. I understand that previously
any rollover to a Roth did not count towards the required distribution. Is
this true? Does anyone have a source for it?

--
Jim Chapman


..

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

Tags
conversion, counted, distribution, ira, required, roth
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