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laferlec

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  1. laferlec
    That was my thought, but I thought I would see if anyone knew any different. Thanks.
  2. laferlec started following 457 Distribution And Tax Reporting In Prior Year
  3. laferlec
    Can I take a qualified 457 distribution now (Jan 2010) and claim the income in 2009? I am separated from a previous employer, so I will not incur the 10% penalty. My plan is to use the money to pay taxes on a Roth IRA conversion in 2010 claiming the income in 2010. However, I do not want to have to pay taxes on both the 457 and IRA conversion in 2010 as it will bump me up into the next tax bracket. Thoughts?
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