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http://boards.fool.com/social-security-taxes-on-conversion-to-roth-10445880.aspx
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| Subject: Social Security Taxes on Conversion to Roth | Date: 12/4/1998 1:16 PM | |
| Author: ChuckBennett | Number: 6746 of 118626 | |
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Hello, I'm just trying to calculate all the ramifications of my converting a traditional IRA to a ROTH. I understand that I will have to include the converted amount as income on my tax return. What I need to know is if the conversion income is used to calculate FICA. Since I am self employed, I pay the whole tamale and I'm not sure if FICA was paid on the original investment in previous years. Thanks for your help Chuck |
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