I keep seeing conflicting info on this: for Roth conversions, does the 5-years rule apply from the conversion date, or the beginning of the conversion year?
For example if one converted $10,000 on 04/10/2021, with $3k taxable, for fiscal year 2020. Would the $3k be available to withdraw penalty-free on 01/01/2025, or 04/10/2026 or some other date?
For example if one converted $10,000 on 04/10/2021, with $3k taxable, for fiscal year 2020. Would the $3k be available to withdraw penalty-free on 01/01/2025, or 04/10/2026 or some other date?
Statistics: Posted by pasadena — Fri Dec 27, 2024 10:47 am — Replies 13 — Views 343