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I would like to open a nondeductable IRA in '98 for
'97 and immediatly roll it over to a Roth. If I understand the legislation, married people got dinged again as the AGI rollover limit is the same for single or married joint ($100K), do I have this right? This seems kind of absurd, because it will exclude many
dual income families.

Now, there are AGI's and there are AGI's. Is the AGI we're talking about for the rollover allowance the 1040 line before deductions? I read some where that the numer is actually from a "Modified AGI". Please tell me this number only includes earned income.

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