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URL:  http://boards.fool.com/opening-roth-ira-for-99-and-2000-revised-12064368.aspx

Subject:  Opening Roth IRA for '99 and 2000 revised Date:  2/28/2000  11:50 AM
Author:  srozz Number:  30272 of 121564

Question (Slightly confused)

I have my own business with no employees. I must pay taxes on the income I make. Since I am opening a Roth IRA for '99 and 2000 this year of 2000 with the money I have made, do I apply taxes due on the $4,000 for year 2000 taxes due? Or am I suppose to separate the income taxes and pay for taxes on $2000 due for 1999 and $2000 due for year 2000?
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