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Author: mpell Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121110  
Subject: Roth and AGI Date: 1/18/1999 10:10 PM
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TMFtaxes,
I just want to check on 2 things:
I have a ROTH conversion to which I have added 98 and 99 contributions as of last week. If my husband and I have under $150,000 total income including capital gains in out taxable account, we can each contribute $2,000 to Roths for 1999, yes? Even though he is contributing the maximum allowed to his 403B at work?

Also, if I buy and sell stock in my Roth, and it increases the value of that account, still this is NEVER counted in calculating my AGI, correct? It has no bearing on my tax bracket or elegibility to contribute to a Roth, right??

So theoretically, one could earn $20,000 a year at work and $2,000 capital gains in taxable account, and even if their Roth gained $300,000 in value over a year (okay, not my case at ALL unfortunately, but I'm using an extreme example to make the point!), they'd still be in 15% tax bracket??!!!??

Someone asked me about this the other day, and though I thought I knew the answer I wanted to doublecheck it.
Thanks in advance.
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