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And if tax rates increase later, he will have done the conversion at today's lower rates.
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-How long does the conversion process take?
"The only difference is that I might do the conversion interview over the phone," he said.
However, I don't want to do the conversion and postgraduate courses.
When you do the conversion, you must pay income tax on the amount you are converting.
The division plans to do the conversion work itself, said a spokeswoman, Karen McDowell.
It was, he said, the right time to do the conversion.
But a proposed plant to do the conversion in Savannah River, S.C., has not yet been built.
You're allowed this do-over any time until Oct. 15 of the year after you do the conversion.
NYRA spokesman John Lee said it would cost up to $50 million to do the conversion at Saratoga, Belmont and Aqueduct.
The exception is someone who is doing the conversion for heirs, who will have a longer time horizon.
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