What is tax withholding on the conversion form?

  • Updated

We can withhold taxes from your processed conversion and pay the taxes associated with the conversion for you. We do not determine the amount of the taxes that will be due as a result of the conversion, therefore you must determine how much you would like us to withhold. If you do not withhold enough you may owe additional taxes at the end of the year. Withholding is not required, you can wait until you file your regular taxes to pay the taxes associated with your conversion.