What Should Be the Filing Status for Conversion of Traditional IRA to Roth IRA?
February 25th, 2008 by admin
If you are looking forward to convert traditional IRA to roth IRA then you must likely be interested to know the filing status. It has been made mandatory that before 2010 if you are filing for conversion, you cannot do the rollover if your filing status is married filing separately. That is you cannot transform your assets from traditional ira to roth ira. There are some exceptions which states that you can convert the amount if you live separate from your spouse for one annual year. Then you are eligible to file a separate return and be eligible for conversion. But at the same time you must meet other requirements as well.
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