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Oh Great and Foolish Oracle,

If I converted a standard IRA to a Roth on the 30th of June, 1998, does the IRS consider the taxable income as having been earned on 30 June for purposes of determining the tax and any fines due?

If I choose to spread the transaction out over four years, does the IRS consider the taxable income accrued in the following 3 years to have occurred on 1 Jan 99, Jan 1 2000, and Jan 1 2001?
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