Esscuseme
Kurra Bewarse Username: Esscuseme
Post Number: 1218 Registered: 03-2005 Posted From: 66.232.234.53
Rating: N/A Votes: 0 | Posted on Wednesday, April 22, 2015 - 5:13 pm: | |
Entrepreneur:
sure. One thing though the key here is to do roth conversion immediately on the next day otherwise you will end up paying capital gains on the gains for eg: $5500 deposit today if you convert tomorrow, assuming there are no gains then there are no taxes if you procrastinate and convert 1 year later and the amount appreciates to $6000 then you have to pay capital gains for $500 after conversion. |