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system
deductions greater than income : traditional ira to roth conversion?
user
answering for just the us part, yes, you should be able to do this and it's a good strategy. the only additional gotcha i can think of is that if you've made after-tax contributions to your traditional ira, you need to prorate the conversion, you can't just convert all the pre-tax or all the after-tax. i'm not familiar with oregon personal income tax so there may be additional gotchas there.
assistant