Fern
Elite Member
- Sep 30, 2003
- 26,907
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Section 1309 removed alimony deduction.
That makes no sense. The payer deducts alimony because the recipient includes the alimony on their tax return.
Thinking about converting your Roth to a traditional IRA? Do it before December 31 because that goes away under Section 1501.
Do you mean converting regular IRA into Roth? I.e., the other way around?
I don't recall any way to convert a Roth into a regular IRA. Nor would that make any sense. (There are reason to cease contributions to your Roth and put them in a regular IRA, but that's different than a conversion.)
Fern