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Thank you for responding to my question about converting my Rollover IRA to a Roth IRA. I will do a search of the board to find more information on the topic as recommended by others.

I do have one other question that you may be able to enlighten me on.

I fall well within the $100,000 AGI to qualify to convert, but I want to understand the tax rate that I will see. I'm assuming that the amount I will be taxed will be based upon my AGI. But, do I have to pay the tax right away or can I put off paying the taxes until tax filing time when I'm filling out my return ?

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