Hi, I am a US citizen that has been traveling outside of the country for the entire year of 2012. I recently got a work visa in New Zealandnand started working this month. I have not been in the US for the entire year, so I believe I qualify, but I have only been in New Zealand for 6 months of the year, the other 6 being in Fiji. Does that effect anything? I am single with no dependents.
Now for the second part, since I have no US income other than maybe a little investment income I am thinking of trying to roll over part of my old employers
401k into a Roth IRA that I have. Can I roll over some amount of this and still be tax free if I keep the amount under some limit, say the standard deduction? Something else? I don't necessarily need to roll this over now, but I figured being in a low tax bracket this would be a good year to move some of it over.Thanks!