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Author: foolishflyer Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121261  
Subject: Re: Nondeductable Roth conversion Date: 2/13/1998 12:39 AM
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<< I have '97 and '98 nondeductable IRAs, total value $4300 ($2000 x 2 years + $300 capital gain). If I
convert this to a Roth, I only spread out the $300 over 4 years, since I was already taxed on the
$4000, correct? >>

Yes. I base my answer on the Roth IRA series in the "Tax Q&A Archive" section of "Tax Q&A."

<< So I would add $75/ year to my AGI? >>

Correct, again. Same source.

DT
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