SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: steve in socal who wrote (4388)3/28/1998 8:29:00 AM
From: Bernie Goldberg  Respond to of 18928
 
Hi,
I have checked it out with my CPA. When you roll over an IRA to a Roth it changes you AGI for tax purposes but not for the IRA purposes.
Say you have 75000 in income and 100000 in your IRA. When you do the rollover you pay taxes on 75000 +25000(1/4th of 100000). That however does not put you over the cap for the IRA.
Bernie



To: steve in socal who wrote (4388)3/30/1998 1:00:00 AM
From: Bruce A. Bowman  Respond to of 18928
 
Thanks Steve. At this point I don't know enough to ask good questions, but then I guess that's why I need an accountant.

Bruce


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News