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Strategies & Market Trends : Roth IRA ideas

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To: Colin Cody who wrote (324)	1/18/1999 11:39:00 PM
From: J R KARY	Read Replies (1) of 388

Colin can you convert non-deducted IRA contributions to a RIRA 1st ? I "re-chracterised" my 1998 RIRA back to the original IRA due to the Broker's delayed conversion which inflated my tax . Most of my annual IRA contributions were not deducted as "credits" and I would to convert only these taxed contributions to my empty RIRA . Would I incur any tax as the IRA contribs were previously taxed ? On what date is the conversion amount established (date requested or date it arrives in the RIRA) as stocks are involved ? Thanks in advance, Jim K.

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