Also, RMDs must come out before doing a Roth convert, i.e. you can't do a conversion in January and take your RMD in December.If the RMD is 50k, then you can convert dollars greater than 50k (in excess of the RMD amount) to Roth from the IRA.You can do Roth conversions of amounts in excess of the RMD.You must withdraw the RMD and leave it in taxable, but the RMD cannot end up in your Roth. You can do Roth conversions of amounts in excess of the RMD.
I'm not sure what you mean by "regain the amount of tax paid".
Beyond rkhusky's post, what is likely to be the marginal tax rate for your spouse?
I'm unclear to me what that means. If the RMD is 50K for example, I understand I can't convert that to a Roth. But what does excess of RMD mean?
Maybe I am being dense.
Statistics: Posted by RyeBourbon — Wed Feb 14, 2024 1:36 pm — Replies 12 — Views 1079