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Author: BradyHo Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Possible to not deduct an IRA? Date: 3/9/1998 11:12 AM
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Hopefully this is not too strange of a question:

For 1997 I'm in a low tax bracket (since I was a full time student).

For 1998 I will be in a higher tax bracket (graduating and starting to work).

I just made a $2000 IRA contribution for 1997. - Which is 100% deductable because of my low income.

I plan to convert that IRA into a ROTH in 1998.

Is it possible to not take a deduction on that 1997 $2000 IRA so when I convert it over in 1998 I won't be charged the higher tax rate?

Brady Ho
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