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Post-2009 Rollovers to Roth IRAs

Posted by Predovich & Company

For tax years beginning after 2009, the $100,000 modified adjusted gross income limit on conversions of traditional IRAs to Roth IRAs is eliminated. Additionally, married taxpayers filing a separate return will be able to convert amounts in a traditional IRA into a Roth IRA (currently they are barred from doing so).
Source: Federal Tax Updates on RIA Checkpoint Newsstand tab 11/23/09

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