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Author: mweinbach Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75802  
Subject: Roth IRA to Traditional Date: 11/14/2001 10:53 PM
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I have a Roth IRA that has seen a 90% reduction in value (damn Internet stocks!). Is there any way to convert to a Traditional IRA and realize a tax benefit?
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Author: rkmacdonald Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 32519 of 75802
Subject: Re: Roth IRA to Traditional Date: 11/14/2001 11:54 PM
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Author: mweinbach Date: 11/14/01 10:53 PM Number: 32518
I have a Roth IRA that has seen a 90% reduction in value (damn Internet stocks!). Is there any way to convert to a Traditional IRA and realize a tax benefit?

Nope. There is no way to deduct any losses inside any IRA, ROTH or Traditional.

Russ

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Author: WPatch Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 32547 of 75802
Subject: Re: Roth IRA to Traditional Date: 11/15/2001 5:53 PM
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I have a Roth IRA that has seen a 90% reduction in value (damn Internet stocks!). Is there any way to convert to a Traditional IRA and realize a tax benefit?

Possibly. 2001 Roth contributions and conversions may be recharactorized to traditional IRAs until Oct. 15. 2002. Recharactactorized contributions will provide a $2000 tax deduction and/or new basis. Rechartorized conversioons refund the tax load of the Roth.

Pre-2001 Roths may not be converted back to traditional IRAs.

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