The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/opening-roth-ira-for-2000-1999-12064267.aspx

Subject:  Opening Roth IRA for 2000 & 1999 Date:  2/28/2000  11:35 AM
Author:  srozz Number:  30268 of 121565

Question: (Slightly confused)

If I open a Roth IRA for 2000 & 1999 this year before April 17th, do I deduct the total $4,000 in the taxes due for year 2000? Afterall, I am paying for the two years with the money I have made from this year 2000.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us