Roth Coversions that were performed in 2010 can create taxable income in 2012

If you converted a Roth IRA to a regular IRA in 2010 there was a special rule that allowed you to report the income one half in 2011 and the remainder in 2012 unless you opted out.  If you made a 2010 conversion, don’t forget to report the remaining amount in 2012.

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