Roth Converstion

[Guest 1040max]

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

[John G]

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