Can I roll-over a Traditional IRA into a Roth IRA prior to April 15, 2009 and claim the income for 2008?

no it must be done by 12/31 to claim for 2008

i suggest you do it now so you can get benefit of the recent market down turn if you eait until april the market could be higher

if you are concerned about income roll over part in 2008 and the the rest in jan 2009 and split up the tax liability

remember this ADDS to your income and can impact other areas of your return

Your math does not artwork out. it particularly is too previous because of take a distribution or a rollover and apply it to your 2012 tax return. you won't be able to combine 401K funds with Roth IRA funds because of fact the 401 funds are pre-tax and the Roth funds are after-tax. in simple terms ask your 401K plan for a right away distribution. you will get carry of a verify for the quantity that then you deposit into your Roth IRA plan for the 365 days 2012. you will get carry of a 1099-R in 2013 for the 401K withdrawal and which will become earnings in 2013. The transactions would be for the two years - 2012 for the IRA deposit and 2013 for the withdrawal of 401k funds. you are able to cut back your 2012 tax felony duty via making the deposit in 2013. Please have hubby cut back his fed tax withholding to evade great refunds interior the destiny.