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Reconversions that follow corrective recharacterizations provide married taxpayers with an interesting opportunity. A trustee will not fail to satisfy the otherwise applicable IRA reporting requirements for recharacterizations and reconversions occurring in 2000 using the same trustee, provided that the trustee complies with Ann. The new rule limits reconversions to one on or after November 1, 1998, but on or before December 31, 1998. |
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