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Hi Roy,

>The transfer would be an 'all or nothing' situation. You are NOT able
>to take an IRA, carve out the previous non-deductible contributions, and
>move them only into the Roth IRA. You have to transfer the whole ball
>of wax.

This "non-carving" part I already understood but this brings up another question and that is, you seem to imply that you have to transfer the entire IRA over, not just a portion of it.

That is, for example, if you have IRAs in two accounts worth $100,000 (composed of a regular IRA of $50,000 ($10,000 non-deductible) and a rollover IRA (from a 401K) of $50,000), you have to transfer the whole $100,000 over to the Roth IRA account or nothing at all?

You can't transfer say, just $50,000 over (paying taxes on the 90% that was deductible), leaving the rollover IRA available for transfer into a future 401K?

Or transfer only $20,000 over, leaving $30,000 in the regular IRA and $50,000 in the rollover IRA?
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