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So the only way that you could actually pay for it is to have you pick up the bill.
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You're lucky if it lasts you long enough to pay the bill.
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You're obligated to pay the bill.
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But now lets throw a monkey wrench into the equation: You dont have to use funds from the IRA to pay the immediate tax bill.
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And you will pay for them, as you are already doing, but the bill will increase significantly.
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Once you've footed the bill for all that, though, you don't pay anything for lift tickets or greens fees.
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Once you've foot the bill for all that, though, you don't pay anything for lift tickets or greens fees.
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The sun will come up the next day, you will go to work, then pick up your kid at karate, then pay the utility bill.
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Of course you have to wake up and maybe there's a bill to pay or a lawsuit at the door.
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In other words, a Roth conversion is more impactful if you can pay the tax bill with an outside non-retirement account, like an individual or joint account.
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If you are going to put solar panels on your rooftop to cut your utility bill, the utility might as well at least try to make some money helping you pay for them.
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You are supposed to do your taxes the regular way, then recalculate them under the AMT and pay whichever bill is higher.
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