The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Roth eligibility Date:  12/22/1998  12:46 PM
Author:  bobblaw Number:  7470 of 127747

Do capital gains count toward the 150K limitation on contributing to a Roth IRA this year? For example, if I have 75K income plus 100K capital gains this year, am I ineligible to contribute to a Roth? If I've done so, can I recharacterize it back into a traditional IRA or can I recharacterize it into an ordinary investment if my capital gains, say 250K, have made me ineligible to contribute to a traditional IRA?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us