Thanks AJ!I was reading the 8606 the other day but got lost on the "add line x and y, enter that number here, subtract this, enter this now..." I guess I have to plug in actual numbers.You said: If you have Traditional IRAs that have pre-tax money (contributions or gains) in them, then all conversions must be pro-rated.I need to understand pro-rating since my spouse's IRA has pre-tax money. The intent is to convert the whole account, not just a portion. The problem, in my mind, is how do I deal with it next year? If I make the 2010 contribution now and convert before filling, do I report the value of the account (line 6) as $0 next year? Will that complicate things?- zol
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra