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 Levine, Jacobs & Company, LLC, Senior Member Talks Conversion of Roth IRAs- Levine, Jacobs & Company, LLC, Senior Member Talks Conversion of Roth IRAs
- January 17, 2022
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Michael H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC., was quoted on NJ.com where he discussed what would happen with their Roth IRA if they moved to a different state.
In the article, ‘I’m moving. Which state will tax my Roth IRA?’ Karu stated, “When a person is a resident of one state and moves to another state, establishing residency in that second state, the income earned during the year is taxed based on the date received.” He continued, “All of that year’s income gets allocated based on the date received.”
Karu further noted that all conversions and IRA withdrawals also follow that same rule.
To read the article, please visit https://bit.ly/3fl3VE...
- View more at: https://www.1888pressrelease.com/levine-jacobs-company-llc-senior-member-talks-conversio-pr-702239.html
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