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Tax Law (Questions About Taxes)/IRA conversion to ROTH IRA tax


I recently converted a $10,000 IRA to Roth IRA. I was informed I needed to pay taxes on the conversion. I am currently unemployed for the past year with total interest income estimated to be around $3000 this year.  My medical expense deduction will be ~$24,000 this year. My question is how much estimated tax should I pay or will deduction for medical expense offset most of what I would owe for taxes and not need to make the estimated payments?


Thanks for your question.

You don't state if you have any unemployment compensation, which is taxable income.  I presume that you are filing single.

Your income and deductions, based on what you have said are as follows:

Interest income       $3,000
Roth Conversion       10,000
Personal exemption     3,900
Itemized deductions   23,025

This gives you a negative taxable income, so there would be no tax on the conversion.

Hope this helps.

John Stancil, CPA

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John Stancil, CPA


I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I am Professor Emeritus at Florida Southern College. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a CPA practice, specializing in tax, for over 35 years. I am a member of the National Association of Tax Professionals, The Florida Insititute of CPA's, The NCPE Fellowship. In addition I am a Certified Mentor for SCORE. Visit my website at I also offer seminars and consultations to churches and clergy on their tax issues at Also visit my blog, I am listed on Tax Connections at Prepare and file your own taxes at


I hold a doctorate in Accounting, and am a CPA. My certifications of CIA, CFM, and CMA are inactive. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I have operated a CPA firm for over 37 years and have taught accounting and tax at the college level for over 35 years.

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