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Roth Contributions to Rollover Account


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Guest dparker
Posted

Can additional contributions be made to an account that was a conventional IRA rolled over to a Roth IRA, or does a separate ROTH account have to be set up for?

Posted

When Roth IRAs were first enacted, it was recommended that conversions and contributions be kept in separate accounts. After the technical corrections that were made early on, there is no reason to keep them separate. Go ahead and make your contribution into the Roth conversion account.

Mary Kay Foss CPA

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