The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Taxes on Roth for 1998||Date: 12/8/1998 10:09 AM|
|Author: TMFTaxes||Number: 6886 of 123477|
[[The following information, found in the article by Roy Lewis, "The New Roth IRA - Part II"
appears to be wrong:]]
Oh really? Let's take a closer look...
<< 2. The special tax break (in 1998) is that the income that must be reported based on the IRA
rollover MUST be spread evenly over a four-year period. Note that it is the INCOME that must
be spread over the four tax year
period… and NOT the tax itself. Please also note that this spread of income MUST take place…
it is NOT an election. >>