This ROTH IRA is driving me crazy!!!I am single, contributed (not converted) $2,000 to a Roth IRA in 1998 which, in turn, had a 61.5% gain in 1998. My 1998 AGI was about $107K. I also have a 401K plan with my employer.I called the IRS & asked them about "reconstructing" the entire amount into a regular non-deductible IRA and was told I couldn't do this because of my earnings & because I have a 401K plan with my company.I'm at a total loss on how to handle this. Do I just rescue what I can & leave it in the Roth, using the phase out method? If so, what do I do with the $2K that was already taxed? What about the gain? If I have to sell the stock, will the gain need to be applied to 1998 taxes? I hope someone can understand my confusion & help me through this mess. I'm not sure if I've even covered all the issues.
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