Submitted by simplyjenjen t3_zzv386 in personalfinance
[deleted] t1_j2ed8av wrote
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simplyjenjen OP t1_j2ee8zl wrote
What do you mean when you say "there's no deadline at all"? Isn't there a deadline if I want it to count for tax year 2022?
[deleted] t1_j2eer7m wrote
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BetterFuture22 t1_j2ega9v wrote
Yes, you're correct. The taxes owed on the conversion will fall in the year of conversion - not sure how people aren't seeing this
KReddit934 t1_j2eeebk wrote
Why no impact? The extra income being taxed to 2022 could be very different than being taxed to 2023 if you were trying to stay within a bracket, no?
[deleted] t1_j2egcfn wrote
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BetterFuture22 t1_j2egfd5 wrote
Correct. Other commenter doesn't understand taxes / tax planning very well
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