Roth IRA Conversion

From: "Peter & Karen Diamond" <diamond@vsi.net>
Subject: Roth IRA Conversion
Date: Mon, 25 Jan 1999 20:29:15 -0500

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Hello,
I have been looking at Form 8606 for calculation of taxes on conversion to a
Roth IRA.
I have a Simple IRA and I had a traditional IRA funded entirely by post-tax
dollars that I converted to a Roth IRA.
When I am done with the form, it leaves me with a basis for my traditional
IRA, but I don't understand what this is the basis of, since I no longer
have any traditional IRAs.  Is it the basis for the Simple IRA?  The whole
thing seems strange since I have to count my Simple as a traditional IRA
when the form never asked me to do that before.
Any information on this would be appreciated.
Thanks.

Peter Diamond



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