Can I select a 100% tax withholding for my IRA distribution?

An IRA conversion to a Roth is subject to federal income tax withholding at a minimum rate of 10%, unless you elect not to have income tax withholding apply or if you choose another tax withholding rate to apply to the distribution. Consult your tax advisor…

If federal income tax withholding is applied to your conversion, state income tax may also apply. If a minimum percentage amount applies, withholding will be set at the greater of the minimum state tax or the amount you specify. Depending upon the state you live in, state income tax withholding may be required. You may also elect not to have state tax withholding apply or you may elect to increase the rate of state withholding above your state’s minimum percentage amount. Consult your tax advisor…

Distributions from a Traditional IRA are treated as income to you. You will receive an IRS Form 1099-R summarizing the amount distributed and the taxes withheld, if any.

In a Roth IRA, if you take a distribution after the account has been open five years, the distribution will not be included in your income. If taken within the 5-year period, it will be taxable, like a Traditional IRA distribution…

You are not required to take distributions from a Roth IRA as long as you live. You can allow your money to grow in a Roth IRA free of current taxes for as long as you choose…