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I just read this at Buy and Hold.

"Keep in mind that the taxable portion of the IRA you are converting will be determined based on the proportion of taxable money in ALL your traditional and SIMPLE IRAs combined".

I don't quit what to make of this statement? I'm planning on converting all I can (everything is Trad now & was only the $2k ist of a yr & Dripping) & yet stay in 15% bracket this yr.. I have little if any income on paper this yr. (I sold a second home & revested into 1 st home, I took 6 mon off to do the work myself). I am reciving some "gift" money this yr. from my father. Which I plan on using some to cover the taxes on this move over my Est.Qrts I've sent in so far.
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