My understanding is that Roth conversions have to be completed in the same tax year you intend to convert them. However, you don't know how much ROC applies to cc ETFs until after the end of the year and you get your 1099s. So how can you accurately plan for Roth conversions if you have ample cc ETF income?
Roth conversions and ROC for income tax purposes
byu/speedlever ininvesting
Posted by speedlever
1 Comment
ROC is irrelevant for conversions and positions in IRAs. The dollar amount you convert is entirely taxable as income.