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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120781  
Subject: Re: Roth contributions and AGI Date: 12/31/1999 8:50 PM
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I converted a traditional IRA to a Roth in 1998 and chose to spread the taxes over 4 years. If the conversion portion for 1999 causes my AGI to go over $150,000 will that prevent me from contributing to a Roth for 1999?

You actually use a modified AGI for the eligibility test on Roth contributions. I remember from previous discussions that converted amounts were not used in the MAGI calc for the conversion test. I think that they are also excluded for the annual contribution test. Anybody know for sure?

--ptheland <== killing time at home waiting for a bug-free Y2K
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