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November 1, 2024
Question

Roth Conversion taxes for state of Colorado

  • November 1, 2024
  • 1 reply
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My question is what is the limit  for no tax in Colorado On a roth Conversion?

1 reply

Employee
November 2, 2024

A Roth conversion is considered a taxable distribution in the year of the conversion and is added to your taxable income.  For tax year 2024, Colorado has a flat income tax rate of 4.25%.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.