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Financial Planning / Tax Strategies


Subject:  Re: Rollover to Roth Date:  2/7/2007  6:13 PM
Author:  inoffensive Number:  91861 of 132782


I understand that the conversion and contribution is different. But, if I add $4000 (from 2007 limit) to this rollover IRA, and I decide to convert this to ROTH later on, doesn't that mean that I'd pay taxes on $7600 instead of on just $3600? Or would I only pay taxes on the $3600 since this was pre-tax?

I hope I'm not being more confusing!

Thanks again.
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