Roth Tech correction: can spouses choose diff tax period for conversion?

From: rbhumbla@umich.edu (Ravinder Bhumbla)
Subject: Roth Tech correction: can spouses choose diff tax period for conversion?
Date: Mon, 13 Jul 1998 07:26:51 -0400 (EDT)

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Now that the technical corrections to Roth IRA allow the taxpayer the
option to spread the income over four years or one year if converting
to a Roth IRA in 1998, I have the following situation:

I and my wife would like to convert our traditional IRAs to Roth.  Are
we permitted to spread the conversion income on my wife's account over
four years and include the entire amount for *my* account in our 1998
income?  Or do both have to pick the same option (one year or four
years)?

Thanks,
Ravinder Bhumbla



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