MrBig1
Recycles dryer sheets
- Joined
- Nov 4, 2017
- Messages
- 75
I hate to ask a stupid question but here goes. I really don't know anything about the process of doing roth conversions. Currently we have no taxable income because we live off of the income generated by Social Security and VA Disability. I would like to do some Roth conversions and keep myself below the allowable level of income so I can stay tax free.
If I'm looking at things correctly and, Roth conversions are treated as income, according to the tax calculator at dinkytown.net I should be able to do $20k annually and not have to share with Uncle Sam.
Now the question is...am I correct?
If I'm looking at things correctly and, Roth conversions are treated as income, according to the tax calculator at dinkytown.net I should be able to do $20k annually and not have to share with Uncle Sam.
Now the question is...am I correct?