RASAP
Recycles dryer sheets
- Joined
- May 18, 2006
- Messages
- 120
I am estimating that next year, when I file my federal tax form, my taxable income, after standard deductions and personal exemptions have been taken into account, will be NEGATIVE $13,000. Given that for 2009 a taxable income of $10,000 has zero tax due and assuming this will be the same for 2010, is it correct that I can convert $23,000 from a rollover IRA to a Roth IRA without paying any taxes?