Tax Law Highlights - 2012
IRA - Roth Conversions
Taxpayers who transferred their traditional IRAs into Roth IRAs in 2010, and deferred the income must pick up the remaining 50% of the deferred income in 2012. Taxpayers with modified AGI in excess of $100,000 and taxpayers who are married filing separately are no longer barred from converting traditional IRAs into Roth IRAs.
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