Conversion to Roth IRA Counted as Required Distribution

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Subject Author Date Conversion to Roth IRA Counted as Required Distribution Jim Chapman 10-29-2008  Re: Conversion to Roth IRA Counted as Required Dis... Arthur Kamlet 10-29-2008  Re: Conversion to Roth IRA Counted as Required Dis... D. Stussy 10-30-2008
Posted by Jim Chapman on October 29, 2008, 1:31 pm Please log in for more thread options 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. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on October 29, 2008, 5:13 pm Please log in for more thread options > 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. >> << ------------------------------------------------------- >> Posted by D. Stussy on October 30, 2008, 10:11 am Please log in for more thread options > > 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. >> << ------------------------------------------------------- >> Similar Threads Posted What forms will be required for declaring income from IRA Conversion to Roth IRA December 20, 2009, 1:31 pm Re: Are Employer Plans REQUIRED to perform 401k to Roth IRA Distribution if Requested? April 21, 2008, 9:46 pm Re: Are Employer Plans REQUIRED to perform 401k to Roth IRA Distribution if Requested? April 23, 2008, 10:37 am Re: Are Employer Plans REQUIRED to perform 401k to Roth IRA Distribution if Requested? May 2, 2008, 10:53 pm How to calculate required IRA distribution April 14, 2008, 10:46 am Required distribution query ? ? ? October 9, 2008, 3:24 pm Retirement and Minimum Required Distribution - a Question February 10, 2009, 12:46 pm Change in Maximum Age to Begin Required Minimum Distribution from Retirement Accounts October 4, 2008, 3:55 pm Roth IRA contribution, recharacterization, conversion, recharacterization, conversion? April 13, 2009, 11:03 am roth IRA conversion yes or no? December 20, 2006, 1:26 am