<< 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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