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"Contributions for 2010 can be made up until April 18, 2011. However, conversions are on a calendar year basis, so any conversion done in 2011 will be taxed in 2011, not 2010."

So a 2010 TIRA can be made before April 15, 2011, but the conversion is for 2011 tax year? Then can another 2011 TIRA contribution be made and converted this year? And since we are talking about nondeductible IRA conversions, there is no tax liability unless the temporary TIRA throws off income between establishment and conversion to Roth?
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