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URL:  http://boards.fool.com/thanks-aj-i-was-reading-the-8606-the-other-day-28266823.aspx

Subject:  Re: Trad IRA -- why? Date:  1/29/2010  1:25 PM
Author:  zol Number:  66715 of 75791

Thanks AJ!

I was reading the 8606 the other day but got lost on the "add line x and y, enter that number here, subtract this, enter this now..." I guess I have to plug in actual numbers.

You said: If you have Traditional IRAs that have pre-tax money (contributions or gains) in them, then all conversions must be pro-rated.

I need to understand pro-rating since my spouse's IRA has pre-tax money. The intent is to convert the whole account, not just a portion. The problem, in my mind, is how do I deal with it next year? If I make the 2010 contribution now and convert before filling, do I report the value of the account (line 6) as $0 next year? Will that complicate things?

- zol
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