Holy Moly..!
Well, I have been just paying the taxes from taxable as I convert from Traditional to Roth, which I believe is option #2. My taxes are paid within the quarter I convert. I also focus on meeting the safe harbor rule and that's about it. Last year I did this without incident but I didn't do a big one time EOY conversion either.
I do understand your concern about the "equal payments" throughout the year. I hear that a lot & It worries me a little too. But it's a bit impractical.
I may do a big one in December and pay the taxes shortly after. I guess I will FAFO and let you all know how it goes![:-)]( "Smile")
Max
Well, I have been just paying the taxes from taxable as I convert from Traditional to Roth, which I believe is option #2. My taxes are paid within the quarter I convert. I also focus on meeting the safe harbor rule and that's about it. Last year I did this without incident but I didn't do a big one time EOY conversion either.
I do understand your concern about the "equal payments" throughout the year. I hear that a lot & It worries me a little too. But it's a bit impractical.
I may do a big one in December and pay the taxes shortly after. I guess I will FAFO and let you all know how it goes
Max
Statistics: Posted by max12377 — Fri Nov 22, 2024 6:41 am — Replies 43 — Views 2636
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