What is the deadline for completing a 2010 Roth IRA conversion if I want to take advantage of the opportunity to pay the taxes over two years (i.e., 2011 and 2012)?
If you want to take advantage of the special two-year conversion taxation, the conversion amount must be distributed from the IRA or eligible retirement plan on or before December 31, 2010. Be sure to check with your IRA custodian/trustee or plan administrator to see if earlier deadlines apply. Many IRA custodians/trustees and plan administrators set earlier deadlines so that there is adequate time to process conversions by year end.
