Move From New York to Florida in June and You File Two State Returns That Year. The $80,000 IRA Withdrawal You Took in May Belongs to Albany, and the Roth Conversion You Do in December Belongs to Nobody
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The post Move From New York to Florida in June and You File Two State Returns That Year. The $80,000 IRA Withdrawal You Took in May Belongs to Albany, and the Roth Conversion You Do in December Belongs to Nobody appeared first on 24/7 Wall St..
Picture a typical retiree: 63, single, and done with New York winters. In May 2026 she takes out $80,000 from her traditional IRA to pay for the move. She closes on a Florida condo in June. In December she converts another $60,000 to a Roth IRA.
When she
Picture a typical retiree: 63, single, and done with New York winters. In May 2026 she takes out $80,000 from her traditional IRA to pay for the move. She closes on a Florida condo in June. In December she converts another $60,000 to a Roth IRA.
When she
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