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https://boards.fool.com/ira-to-roth-rollover-limit-15786813.aspx
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| Subject: IRA to ROTH rollover Limit | Date: 9/21/2001 12:51 PM | |
| Author: br0ce | Number: 31952 of 107500 | |
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I contributed 2K to my IRA this year, and bought nokia stock at 23.26. I am now rolling this over to a ROTH, it is now worth 15.51. When I rollover from my IRA to a ROTH I understand that I will be taxed for the value that it is currently worth ($1,333). My question is: Can I now contribute $677 more and still be under the 2K limit for the year? P.S. Becouse I never claimed the original $2k on my taxes it will rollover without taxation. Thanks for all the help, you guys and this forum are great! |
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