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To: Sr K who wrote (1312)9/3/2006 1:49:40 AM
From: Elroy  Read Replies (2) | Respond to of 20435
 
The basis in a Roth IRA is important if you created it from a taxable account like a regular Roth and then have a loss and want to "recharacterize" it to reduce taxes.

Make sure Taro reads this. It sounds like something that might be pertinent to the old guy.....

Then again, he did win the first round so I'll just shut up....