SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
If you had planned to do a Roth conversion this year and then a recharacterization after 1/1/18, what are you doing in response to the potential for a change in tax law?
A - Planning on the ability to recharacterize in 2018 because it's part of the 2017 tax year because you're recharacterizing a conversion done in 2017. If so, on what basis do you know your custodian will do a recharacterization for you?
B - Using an HSA contribution to dial in AGI.
C - Using a t-IRA contribution to dial in AGI.
D - Trying to figure out AGI this year and doing the conversion precisely in the first place.
E - Not worrying about it because you don't care what your AGI is.
F - Dialing in AGI some other way (if so, please elaborate!)
I'm trying to figure out what to do. I have a very high desire to hit a very exact AGI for 2017.
I know the original tax law thread shut down, so please let's keep this one focused on this specific question.
Also, to be clear I am not asking anyone to speculate on the tax law or its prospects or final form. I am asking everyone what actions you are currently taking based on your situation and looking for options on how to achieve what I am trying to achieve.
A - Planning on the ability to recharacterize in 2018 because it's part of the 2017 tax year because you're recharacterizing a conversion done in 2017. If so, on what basis do you know your custodian will do a recharacterization for you?
B - Using an HSA contribution to dial in AGI.
C - Using a t-IRA contribution to dial in AGI.
D - Trying to figure out AGI this year and doing the conversion precisely in the first place.
E - Not worrying about it because you don't care what your AGI is.
F - Dialing in AGI some other way (if so, please elaborate!)
I'm trying to figure out what to do. I have a very high desire to hit a very exact AGI for 2017.
I know the original tax law thread shut down, so please let's keep this one focused on this specific question.
Also, to be clear I am not asking anyone to speculate on the tax law or its prospects or final form. I am asking everyone what actions you are currently taking based on your situation and looking for options on how to achieve what I am trying to achieve.