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Has anyone heard of changes in the Roth IRA for 1999?
I know that 1998 was when you could convert and spread you taxes over 4 years, but my accountant told me there were changes. She said that if you start a new Roth IRA in 1999, that all after tax contributions were cool, but all the growth from those contributions were now taxable????? This sounded really fishy. She also said that and Roth in 1998 is grandfathered as long as you contribute to that fund/stock for that Roth. I asked 2 friends and also a Dean Witter Broker and they said there were no such changes. I'm not sure my accountant has all her marbles.........
Any info is appreciatedk! Thanks.
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