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URL:  http://boards.fool.com/no-deductible-ira-contribution-14709386.aspx

Subject:  No-deductible IRA contribution Date:  4/5/2001  3:44 PM
Author:  karisxu Number:  28926 of 75383


If I make a contribution to a regular IRA account and it is not deductible on that year, then I end up pay tax twice on the money - once before I put it in and once when I take it out. Is that right?

If it is right, does it make sense to do it?
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