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Author: katiewa 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 121569  
Subject: Re: Lack of AMT patch by early Jan Date: 12/29/2012 2:28 PM
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Yes. It's a pay-as-you-go system.

So, as a corollary to the current discussion: we've been up-to-date on taxes throughout 2012. During this last week, we converted a portion of a traditional IRA to a Roth IRA. This conversion causes us to owe taxes. However, since this happened in the 4th quarter of 2012, if I pay the additional taxes by 15 January, I continue to be current?

Thanks.

Kathleen
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