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Author: AeroFool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Re: Overcontributed to Roth (Income Limits) Date: 4/26/2005 11:09 AM
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Phil,

Excellent - exactly the kind of feedback I was looking for. VERY helpful - thank you.

For 2005, I believe I will hold off so that I don't find myself in the same situation. The 2004 recharacterization sounds very appealling and the best solution even if it is not tax deductible.

One question - who determines if I had earnings on the excess Roth contributions? Does the brokerage house determine this or do I need to figure out if that particular contribution generated any return? If I was sitting on cash, then made the contribution, bought some stock, then sold some stock it seems murky as to whether or not that particular contribution generated a return, no? I have to take a closer look I guess and see just how clear cut this is.

-AF
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