Our series of posts about the changes to estimated taxes for 2010 continues. Our topic for today is Roth IRA conversions.
According to the IRS, beginning in 2010, the modified Adjusted Gross Income (AGI) and filing status requirements for conversions to Roth IRAs are eliminated.
The IRS adds that for any conversions in 2010, any amounts that would be included as income will be included in income in equal amounts in 2011 and 2012. You can choose to include the entire amount in income in 2010.
