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Investing/Strategies / Retirement Investing
|Subject: Re: Roth conversion in 98 or 99||Date: 3/17/1998 10:23 AM|
|Author: TMFPixy||Number: 2228 of 73983|
<<I may be mistaken, but my understanding was that you could only convert in 1998. have they relaxed the rule?>>
See my previous message. And no, they haven't relaxed the rule. The law has provided for conversions in any year after 1998 since it was passed.
<<Also, the amount you convert, although you must it include it in income and it does affect your marginal rate, is not included in the amouint which determines if you are allowed to convert.>>
That is correct.
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