The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Roth IRA for Year 2000||Date: 2/20/2000 9:18 AM|
|Author: jpbuening||Number: 29327 of 122534|
I just read the fool.com roth ira part vi
learning that for tax year 2000 one can no longer recharaterize one's roth ira and reconvert back to the roth ira within the same year.
I converted shares from trad ira to roth in Jan-00.
Then in Feb-00 I recharaterized them back to the
trad ira and converted them back to the roth ira
due to the recent stock pull backs.
Having just learned about this new rule, this sounds
like a failed converison.
Can I still leave the shares in the roth ira at the
Jan-00 price and ignore the Feb-00 recharaterization
and converison back to the roth ira?
Or will the shares now be stuck in the trad ira until
the one year waiting period is up in Jan-01?
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