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Replies to #443 on Taxes (TAX)

ypsiCPA

12/30/09 4:08 PM

#444 RE: bluebird50 #443

No conversion from Roth to Traditional.

If he cashes out the Roth IRA, there may be a penalty. But there's also an itemized deduction (2% miscellaneous) for the amount lost. (Sounds like he's high income, so 2% AGI limitation may make deduction worthless)

If he's single, try the personals:

Single man seeks woman with large capital loss carryforward, object matrimony (ASAP!). Looks and personality unimportant.