Could the conversion of a traditional IRA to a Roth IRA have an effect on the taxability of Social Security?

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Could the conversion of a traditional IRA to a Roth IRA have an effect on the taxability of Social Security?

April 26, 2017conversion roth ira social security taxability Traditional IRA

1 Answer

Could the conversion of a traditional IRA to a Roth IRA have an effect on the taxability of Social Security?
How is the taxable income allocated if the conversion of a traditional IRA to a Roth IRA occurs in 2010?
What is the disadvantage of making a conversion from a traditional IRA to a Roth IRA?

score 0 · Answer 1 · 2010-05-21T09:05:47+00:00

Yes. The taxable amount of a conversion from a traditional IRA to a Roth IRA is includable as income in the year of the conversion and therefore could effect the taxability of an individual’s Social Security benefits.

Could the conversion of a traditional IRA to a Roth IRA have an effect on the taxability of Social Security?

1 Answer

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