Home Page link  

SEP IRA to Roth Conversions?

  
Groups | Search | About
User Password
Register Now! Lost Password?

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
SEP IRA to Roth Conversions? Jerohm 04-12-2007
Posted by Jerohm on April 12, 2007, 6:32 pm
Please log in for more thread options
 Can a SEP that was funded by a self-employed person be
converted to a Roth without any special consequences?

Thank You

<< ======================================================= >>
<< 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 (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Phil Marti on April 13, 2007, 11:48 pm
Please log in for more thread options
> Can a SEP that was funded by a self-employed person be
> converted to a Roth without any special consequences?

Yes. It's the same as any conversion from traditional to
Roth. See IRS Publication 590.

--
Phil Marti
Clarksburg, MD

<< ------------------------------------------------------- >>
<< 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 (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
Roth IRA? Please explain the taxes in reference to Roth IRA vs. Traditional April 3, 2008, 4:03 pm
Rollover of Roth 401k into Roth IRA February 11, 2008, 2:17 pm
ira/Roth December 12, 2006, 1:56 am
SEP / Roth IRA February 11, 2008, 2:19 pm
What can a Roth IRA own? April 20, 2008, 1:06 pm
Roth IRA May 4, 2008, 11:26 am
roth IRA conversion yes or no? December 20, 2006, 1:26 am
How to qualify for ROTH IRA? February 2, 2007, 1:51 am
ROTH questions February 9, 2007, 12:30 am
Traditional vs. Roth IRA April 12, 2007, 12:44 am

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap