Roth conversion questions

From: "James C. Parinella" <parinell@mailnfs0.tiac.net>
Subject: Roth conversion questions
Date: Thu, 31 Dec 1998 11:48:00 -0500

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I converted my IRAs (both deductible and non-deductible) to Roth this year,
and have a couple questions.

1.  Am I _required_ to spread the income over 4 years, or can I take it all
in 1998?

2.  If I decide to spread the income over 4 years and in that get married
and my income goes over the limit (or if I somehow miraculously surpass the
limit on my own), will I incur some sort of penalty regarding the
conversion, or will I continue to be allowed to pay the taxes?

Thanks.
Jim Parinella


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