Guest Mart89in Posted December 9, 1998 Posted December 9, 1998 Are couples eligible to make 1998 Contributory Roths if their 1998 AGI exceeds $160,000 because of Roth conversions (income + Roth conversion amount > MAGI)?
BPickerCPA Posted December 9, 1998 Posted December 9, 1998 Income from a conversion is NOT included in MAGI for purposes of the contribution limit. Barry Picker, CPA/PFS, CFP New York, NY www.BPickerCPA.com
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