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Converting a Keogh account

  • 1.  Converting a Keogh account

    Platinum Most Valuable Member
    Posted 09-19-2019 18:03
    Hi Friends,
    A client's retirement advisor is looking to convert a Keogh account to a Non-Prototype Pension or Profit Sharing Plan.
    I was under the impression that a Keogh can be converted to a traditional IRA, ROTH IRA or Simplified Employee Pension plan only.
    If this conversion is done, will it be a taxable event?
    Thanks!
    Sandy

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    Sandra Johnson CPA
    JOHNSON CPA
    Bellmore NY
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