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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (3764)10/27/1998 6:33:00 PM
From: Charlie  Read Replies (2) of 4969
 
Steve, I have a question about Roth IRA's. Recently received a newsletter from Southwest and they said that new amendments allow conversions to be reversed. Can you elaborate? Reason I am asking is that I converted a regular Ira to a Roth IRA earlier this year. They account is down significantly from the time of the conversion. I will be taxed on the amount I converted which is almost as much as the account is now worth. If I could reverse the conversion it would be to my benefit to do so. How do I proceed?
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