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Hello everyone. I have a regular Ira with a mutual fund company which sent me a brochure explaining the procedure to take. There is this one note in the brochure that I am having trouble comprehending, it states "Note: No contributions other than the Roth Ira conversion contributions made during the same tax year may be deposited into a single Roth Ira conversion account."
Please explain in laymans terms what this statement is trying to convey. I called my mutual fund but I wound up even more confused than I was before (if that is possible). Thanks, Bryan
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