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Author: bigcaat Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: New 2002 Roth Contributions Date: 1/6/2002 7:54 PM
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<<<In otherwords, I can contribute $3000 [to a Roth IRA] this year, being a Californian?>>>

<<<Yes - you're still a US taxpayer. The question relates to what happens if California does not conform to the latest Federal changes. Will the earnings on the extra amount ($1000 or $1500 depending on age) still be tax-free for California taxes at withdrawl? Will we have to pay a California tax on a portion of the dividends/interest/cap gains inside the Roth?>>>


Ok. I get it. That makes sense. So, for me, the answer to my question is "No, I won't be contributing more than 2k until I know it's not going to create problems in the future."

Thanks,
Caat
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