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Author: FoolinUpNorth One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76395  
Subject: Roth Conversion Question Date: 12/10/1998 12:08 PM
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A few months back I converted some "old" mutual fund IRA's (one for me, one for my wife) to traditional IRA's with a discount broker, and then switched those to a Roth. My question relates to the conversion.
We established the IRA's probably 12-14 years ago, and over a period about 6 or 7 years we made our $2K contributions 5 times. A couple of those times they were deductable contributions, but a couple of times they weren't.
When I calculate my 1998 taxes, would I have to include THE WHOLE conversion (actually 25% of it for this tax year) as income, or is there some formula I would use to determine the portion that was deductable, and only claim that piece of it?
I've downloaded Pub #590 from the IRS website, but it's "For use in preparing 1997 Returns", so it doesn't mention anything about a Roth.

Thanks in advance,

Tim
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