I opened a Roth IRA this year, everything fine...However during 1999 my wife will be going back towork and my part time business will contributean unknown amount to my income. Its quite possiblethat come 2000 tax return time we will find ourselvesover the Roth contribution limit.I would like to contribute my $2k to my Roth thismonth to maximise my potential gains, but what happensif in 12 months time if I find I'm over the contribution limit?1) Can I convert my Roth contribution to a regularIRA contribution.2) What happens to any gain or loss that I make on the$2k I invested, and if its relevant how would Icalculate the loss/gain given that the money will beagrigated with my previous contributions?
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