Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (2132)	4/14/1999 10:12:00 PM
From: Brendan W	Read Replies (2) of 5810

I just got a reply to a question I asked at AOL's Taxlogic... they said that not only is Roth IRA conversion income excluded from the AGI limit test for the income test on converting, but that it is also excluded from the AGI limit test on contributions. So I can make a $2000 Roth contribution in 1999 even though my 1998 Roth conversion is producing enough income to put my AGI over $95K in 1999. Can anyone confirm this advice? Cites? Thanks for any help.

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