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Financial Planning / Tax Strategies


Subject:  Re: 401K/403b to direct roll to IRA Date:  3/29/1999  2:00 PM
Author:  churchie Number:  13192 of 124811

Thanks for the pointer to the faq.

So according the law, it doesn't matter how much the original rollover amount appreciated, if I were to withdrawl the whole 10K, I would add that amount to my gross income and pay taxes on all of it without an additional 10% penalty.

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