<< 1. The article says "2. Or... he can transfer the ENTIRE balance of this Roth IRA to a traditional IRA." Does ENTIRE mean the $2000 for the current year or the balance since inception (which could be several years)? >>Example 1 in the article you linked does say that. Roy was no doubt working under the [unstated] assumption that the account was new in 1999, and the 1999 contribution was the only one. All that must be recharacterized is the unallowable contribution and the earnings on it.<< 2. For tax year 2000, is the AGI limitation for joint filers still $150,000? >>It's a phaseout beginning at a modified AGI of $150K and ending at $160K.Phil MartiTax Preparer
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra