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Author: 2old4bs Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75801  
Subject: Re: Rollover TIRA to Roth Date: 4/16/2004 1:26 PM
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ggg,

The last estimated tax payment is always due by Jan 15th on estimated income for the prior year. Perhaps you were thinking of this IRA transaction as something 'separate' to which the general rule did not apply, but as you have learned, this is not the case. Withdrawals from a traditional IRA to be converted into a Roth IRA are included in ordinary income, therefore the estimated taxes on those withdrawals are due by Jan 15th. (If you haven't already allowed for it elsewhere, as in payroll withholding.)

If you want chapter and verse on where you might find this in the tax code and/or publications, you might try the Tax Strategies board where one of those knowledgeable folks will know where to find it.

2old
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