Rolfe
Dec 11 1998, 04:52 AM
Can a standard IRA contribution (assuming I qualify) reduce my MAGI for purposes of meeting the $100,000 limit for conversion of IRA to Roth? Whatever the answer, what is the official source I can read?
BPickerCPA
Dec 11 1998, 05:21 PM
The answer is an IRA deduction will NOT reduce MAGI. Originally it did, but the technical corrections changed that.
See Sec 408A.