They are making everyone reregister this year, based on 2012 income. I converted my IRA last year, giving me an income of $505,000 in 2012, so I am over the limit of $500,000.
My 2013 income will be piddling. Can I reapply? When?
They are making everyone reregister this year, based on 2012 income. I converted my IRA last year, giving me an income of $505,000 in 2012, so I am over the limit of $500,000.
My 2013 income will be piddling. Can I reapply? When?
Taxable IRA distributions are excluded from the definition of $500,000 of income. See
It is not a huge amount of money, but your information has made me very happy! Thank you.
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