Roth IRA income phaseouts…
Suppose a Roth IRA conversion is done in 2010…does this count towards their AGI when considering Roth IRA “contributions” in the same year? For example, a $200k conversion would automatically eliminate somebody from being able to make a contribution in the same year?
Permalink Submitted by mk foss on Tue, 2010-12-21 19:05
When determining Modified Adjusted Gross Income for Roth contribution purposes, the Roth conversion income is subtracted – it has no adverse effect on your contribution.