Conversion from traditional IRA to Roth IRA

[Guest bchauvin]

My question is two fold. First, is there a cut off for AGI of $100,000 for conversion of a traditional IRA to a Roth IRA? And, can I do an ammended return for say 2004 and add income from my trad. IRA in order to convert to Roth IRA?

[WDIK]

From Publication 590:

You can convert amounts from a traditional IRA into a RothIRA if, for the tax year you make the withdrawal from the traditional IRA, both of the following requirements are met.

• Your modified AGI for Roth IRA purposes (explained in chapter 2) is not more than $100,000.

• You are not a married individual filing a separate return.

[John G]

The opportunity to do a conversion for a specific year expires on the last day of December for that year.