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October 3, 2024
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Converting from ira to roth. Max amount? is the taxable amount treated as normal income? I Need to raise tax base due to solar refund.

  • October 3, 2024
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Best answer by VolvoGirl

No max.  Yes it will be ordinary income and taxed.  It may push you into a higher tax bracket so be careful.   But yes you can do that so the credit will cover the tax.  

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VolvoGirl
VolvoGirlAnswer
Employee
October 3, 2024

No max.  Yes it will be ordinary income and taxed.  It may push you into a higher tax bracket so be careful.   But yes you can do that so the credit will cover the tax.