corner559 wrote:I do have cash on hand to pay it, but I'd rather not touch it since I will need a good chunk of that money for grad school soon.
Should money from my RO IRA be used to pay the taxes or should I use the cash I have in hand to pay the taxes?
So you'll have several years to convert in the 0% bracket. Therefore there will be no taxes to pay. Be sure to convert school years to tax years and think about how much 0% bracket you'll have in the aggregate. Look at education credits and how they work.corner559 wrote:2-3 years for grad school. And while in school I have enough saved up to not have to work for the duration of my studies.
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