We are doing a Roth conversion next week. No with-holding for taxes.
Taxes on the conversion will be approximately $28k for fed, $12k for state. 22% tax bracket
When do we pay federal income tax and state income tax for a December roth conversion?
And how...is their a form to send in with a check or simply when filing in April?
Or is it better to not invest the entire amount and with-hold $40k for taxes?
Thanks.
Taxes on the conversion will be approximately $28k for fed, $12k for state. 22% tax bracket
When do we pay federal income tax and state income tax for a December roth conversion?
And how...is their a form to send in with a check or simply when filing in April?
Or is it better to not invest the entire amount and with-hold $40k for taxes?
Thanks.
Statistics: Posted by Alaska_Skeeter — Thu Nov 28, 2024 7:57 am — Replies 4 — Views 98