I recently did a Roth conversion in-kind and Fidelity’s retirement group (RG) said to use the “transfer” screen. The transfer screen’s taxes box that you need to check to proceed is a general message. The RG said taxes are not withheld when doing an online conversion unless subject to IRS backup withholding. If you want taxes withheld, you need to call to have a rep do the conversion or to submit the paper form.
Statistics: Posted by HomeStretch — Tue Jan 09, 2024 5:21 am — Replies 5 — Views 446