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Author: burnout82 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121096  
Subject: Re: Roth IRA Date: 2/3/1999 12:52 PM
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Can the nondeductable principal in a regular ira be rolled into a roth ira without paying taxes
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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 9553 of 121096
Subject: Re: Roth IRA Date: 2/5/1999 12:32 PM
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[[Can the nondeductable principal in a regular ira be rolled into a roth ira without
paying taxes]]

Nope. You cant simply "carve out" the non-deductible portion of your IRAs and convert that amount. It's not allowed. You have to spread your basis in your IRA (the non-deductible portion) of the IRA over the entire IRA. You can read more about this in IRS PUblication 590 and or 1998 Form 8606. Check it out.

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