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Author: mmatiut Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 125003  
Subject: ROTH SET UP DEADLINE FOR CONVERSION - Date: 12/30/2002 4:45 PM
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I want to convert my rollover traditional IRA to a roth IRA in the 2002 tax year. I thought I had until 4/15, but alas, the deadline is 12/31/2002. I did further research and the roth ira has to be set up for conversion by 12/31/2002. My question is this: what is the definition of "set up"? My situation is this: I have cash in my traditional IRA (which is set up through Datek/Ameritrade, I also have set up the Roth IRA, (basically opened the account) which is as yet unfunded (also through Ameritrade.) I faxed over the conversion/distribution form today (12/30), but I don't think the Roth account will be funded by 12/31/02. Can anyone please let me know if my conversion will occurr in 2002 if the roth account does NOT get funded by 12/31?

Thank you so much for any help/insight.
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