Go to Jeff Salisbury LWGate Home Page.From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: Roth conversion questions
Date: Wed, 6 Jan 1999 18:49:13 -0500
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> What you are spreading over the 4 years is the taxable gains that >are included in your income. Example if your converted IRA had a gain of >$40000 Not quite. While the earnings in the IRA are certainly taxable, so are the contributions if you received a deduction for making them. If some of your contributions were non-deductible, you have to pro-rate them coming out. You do not pay a double tax on non-deductible contributions, but you can't take them out first. See Form 8606. Rich Carreiro rlcarr@animato.pn.com P5-100/RedHat Linux 4.2 - -
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