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yes, i do have a roll over IRA. I thought I can open a new account and contribute $5000 and convert this alone. can i not do this?

No, you can not.

Not in the way you want, which is to make the conversion completely tax free. You MUST include ALL of your IRA accounts, including SEP-IRAs, when figuring out how much of your Roth conversion is taxable.

--Peter
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