Looking to convert my company IRA funds to a Roth IRA to take advantage of a low level of income in 2012 (and thus a lower tax rate).
Do you pay Social Security Tax and Medicare Tax on that conversion as well?
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Looking to convert my company IRA funds to a Roth IRA to take advantage of a low level of income in 2012 (and thus a lower tax rate).
Do you pay Social Security Tax and Medicare Tax on that conversion as well?
NO FICA (Social Security & Medicare) taxes will be due.
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