What's going to happen to your tax liability if CT
Post# of 72440
Posted On: 10/29/2015 11:59:48 AM
Re: daydreaming2 #15193
What's going to happen to your tax liability if CTIX is at, say, 5 at the end of the year?
Better convert it ASAP if you think CTIX will be trading higher than this by the end of the year.
Remember, you pay tax on the conversion as of the DATE of conversion, not the end of the tax year. So you're better off doing it now rather than when the account is worth more.
Better convert it ASAP if you think CTIX will be trading higher than this by the end of the year.
Remember, you pay tax on the conversion as of the DATE of conversion, not the end of the tax year. So you're better off doing it now rather than when the account is worth more.
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