If you are among the many who converted a traditional IRA to a Roth in 2010, you have some big decisions to make this year.

The Tax Guy, Bill Bischoff at Smart Money recently outlined the most important ones. When should I report the income from a 2010 conversion? The benefit of a Roth IRA is paying the tax upfront rather than when you withdraw the funds during retirement, thus locking in a known tax rate. Now, though, you still have to choose whether to report that income during 2010, or elect to spread it out evenly in 2011 and 2012 (50/50.) For most, stretching it out will be the best option. Still, for some it might be better to report it all in 2010,…

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