Does anyone have a clue on what happens in the following case:

converted IRA to ROTH in 1998 the value was then 20k the current value is 8k. I paid tax on this 20k prorated over the 4 years, if I cashed out today how would I account for the lost in value and the taxes paid in those years?
thanks for your help.

BMAC

This has come up lots of times at this message board. You can use the search capabilities at the bottom of the prior page to find the references. Here are a few locations you may find interesting:


http://www.fool.com/taxes/2002/taxes020222.htm

not on this thread, but is a good article at Motley Fool

http://www.benefitslink.com/mbmirror/17047.html

http://www.benefitslink.com/mbmirror/12458.html

http://www.benefitslink.com/mbmirror/12730.html

http://www.benefitslink.com/mbmirror/8252.html

read especially the last few comments