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I have a traditional IRA I created a few years ago that I am in the process of transfering/converting to a new Roth IRA (I'm not sure of the exact terminology I'm supposed to use). This new Roth IRA is only going to hold the money from the transfer of this old traditional IRA.

My question is: This transfer doesn't count toward the annual $2000 I can contribute to a Roth IRA does it?

Besides this new Roth IRA I have another Roth IRA account which I want to contribute $2000 to for this year.

I hope I didn't make this sound more confusing than it is. Basically my question is: "Does transfering money from a traditional IRA to a Roth IRA affect the amount I can contribute to a Roth IRA for that year?"

I would guess the answer is no, but the IRS may have a different opinion.

I suppose I should call the IRS but I thought I ask here first.

Thanks for your help!

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