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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (690)	3/1/1998 11:20:00 AM
From: Investor2	Read Replies (1) \| Respond to of 5810

Does the government have a time frame for making the "technical corrections?" Are the corrections expected to be finalized before April 15? Thanks, I2

To: Colin Cody who wrote (690)	3/1/1998 5:15:00 PM
From: Spots	Read Replies (1) \| Respond to of 5810

I have a similar question (though nobody recommended it). I've been considering creating a non-deductible 97 IRA and rolling it immediately to a Roth. First reason is that (potentially) I could get more into Roths in 98 by, in effect, putting in contributions from both 97 (via rollover) and 98 (via direct contribution). Second, although normally I wouldn't come anywhere close to exceeding the income limit for Roth contribution in 98, I also need to do some serious portfolio rebalancing which could potentially raise income due to capital gains. That would (I guess) restrict my ability to contribute to a Roth in 98, so in that event a rollover from 97 would be my only Roth entry for the two years. BTW, I can't contribute to a deductible IRA anyhow. None of this tries to take advantage of the 4-year loan (which I don't qualify for anyhow). Any insights?