Hello,

I was wanted to convert my $3000 in my rollover IRA into my Roth IRA. I was wondering if that would be considered part of my 2007 contribution limit of $4000, or not? Do conversions count as contributions?

Thanks!

No. Conversion math is separate from contribution math. A conversion does not count against you annual max contribution. But, note that these actions have separate qualifications/eligibility. Pick up a copy of IRS Publication 590 and keep it on hand.

Captain hero? Great moniker.

Thanks John!