$110.00 
Learn more
Submitted By: someone
Answered: November 19, 2018 10:18 pm
Answered: November 19, 2018 10:18 pm
I made a Roth IRA conversion in 2018. Can I income average for this?
No. Income averaging is limited to certain lump-sum distributions from qualified retirement plans. There is no income averaging for IRA distributions or income resulting from a Roth IRA conversion.
advertisement
Featured Books
Tax Glossary
Involuntary conversion
Forced disposition of property due to condemnation, theft, or casualty. Tax on gain from involuntary conversions may be deferred if replacement property is purchased.
