We all know the spiky fruit is delicious, but is there any truth to the claim that pineapple can help reduce inflammation? Aside from being a great source of Vitamin C, pineapples contain the enzyme bromelain, which is a natural anti-inflammatory agent that plays a role in the bodyâs healing process.
If this is the case, then you can convert your entire Non-deductible IRA to a Roth IRA, and you'll only have to pay tax on the earnings portion. For example, Susan Smith is in a 30% tax bracket this year and she only has one IRA worth $100,000.The IRA consists of $90,000 in non-deductible contributions and $10,000 in earnings.If she decides to convert the entire IRA to Roth, she would only have to pay tax on the earnings portion ($10,000). At a 30% tax rate, she would owe $3,000 in tax to convert the entire $100,000 to Roth.If Smith had no earnings in this IRA, the entire $100,000 (all non-deductible contributions) could be converted with no tax liability.t a 30% tax rate, she would owe $3,000 in tax to convert the entire $100,000 to Roth. If Smith had no earnings in this IRA, the entire $100,000 (all non-deductible contributions) could be converted with no tax liability.
If you recharacterized a deductible IRA contribution as a Roth IRA contribution, you will owe extra tax. If you recharacterized a non-deductible IRA to a Roth IRA or vice versa, your tax owed will not change, but you still need to amend the return to correct your IRS Form 8606, Nondeductible IRAs.n January 2010, with the Traditional IRA now worth $7000, you decide that a Roth IRA would be better. If you convert the Traditional IRA to a Roth, you would get a $1250 tax reduction for 2009 but owe $1750 for 2010. If you recharacterize the 2009 contribution as a Roth contribution, you save $500 in taxes.