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Author: Bob78164 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Roth AGI limit Date: 2/2/2000 2:50 PM
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Skwire writes (in part):

Not only "can" you continue paying taxes on the pro rated income, but I think the IRS would be upset if you did not. As long as you were eligible to rollover in 1998 (I am assuming from your question that you did do a rollover), I don't think it matters that you would not be eligible to do a rollover (or even contribute to a Roth) during one of the years in which you are including a portion of the income from the rollover.

I reply:

Terminology is important in this area, so I'll jump in with the correction. The original post described a "conversion" of a traditional IRA to a Roth IRA, not a "rollover." With this correction, your answer is correct. --Bob
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