Go to Jeff Salisbury LWGate Home Page.From: Allan Spring <exhuman@netzero.com>
Subject: Roth conversion and recharacterizations
Date: Wed, 16 Dec 1998 07:29:26 -0700
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I converted my Rollover IRA to a Roth IRA a few months ago as I figured if I changed my mind before 12-31 I could change it back. Now I'm evaluating my options and would appreciate any explanations or advice. If I recharacterize it back and forth (round trip) before 12-31 to lower the amount I'll have to pay tax on over 4 years, can I recharacterize it again (either one way or round trip) before 4-15? If so, with the round trip option, would I still be able to divide the taxable income over 4 years? Or would I at least be able to lower the taxable amount if my investment lost value between 12-31 and 4-15? Or if I don't do anything to it before 12-31, what would my options be before 4-15 and how would they affect the taxable amount and the divisibility of the income over 4 years? I know that's a lot of options. But I'd appreciate any clarification I can get. Thanks. Allan Spring ___________________________________________ Simplify your holiday shopping... Visit our partners for great holiday gifts. http://www.netzero.net/etoys http://www.netzero.net/amazon - -
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