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URL:  http://boards.fool.com/clarification-please-after-converting-from-a-15305680.aspx

Subject:  Re: Rollover 401K to what? Date:  7/4/2001  2:06 PM
Author:  islandee Number:  7032 of 20786

Clarification please. After converting from a 401(k) to a traditional IRA, you write:

The next step involves taxes. If you then want to convert the
new traditional IRA to a Roth, and your trustee accepts the Roth,
you can direct the trustee to make that conversion. Tax will be
due on the non-taxed amount of the conversion....

Do I interpret this correctly: In this process, you're saying that I was able to roll over both taxed and non-taxed funds from the 401(k) to a traditional IRA? I thought that I had to exclude the already taxed funds from the rollover.
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