No. of Recommendations: 0
<<If a regular IRA is rolled to a Roth IRA in 1998 (and only in 1998), one-fourth of the amount rolled
MUST be declared as income in each of the years 1998 through 2001, inclusive.>>

Pixy, is this correct in all cases? Let's say I wish to roll over a $50k non-deductible regular IRA, $20k of which represents my own already-taxed contributions. Am I still going to owe tax on the entire rollover amount, or just on my $30k of untaxed gains?

Thanks for clarifying this point for me.

-Harry
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement