If you converted now, you pay tax on the current value of the account whene you open it right? So if amarin hit a bigger number before year end you are golden right...because you paid your taxes upfront....thot that’s how it works
I have AMRN in a taxable account and a Roth. I used to also have some in a Traditional...but converted them to a Roth in December. Paid the tax on the conversion this past April.
Hi Rose; You should convert while low(like now) but not "overfill" your tax bracket. If income is "low" you want to stay in the 12% bracket so that when you sell AMRN from taxable account to pay taxes for the conversion the capital gains get taxed at 0% !