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http://boards.fool.com/if-the-monies-in-the-traditional-ira-were-all-tax-15245030.aspx
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| Subject: Re: Calculating an IRA withdrawal | Date: 6/24/2001 11:19 PM | |
| Author: SirTas | Number: 52058 of 120458 | |
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If the monies in the traditional IRA were all tax deductible contributions (and their earnings), then the money was never taxed. What you take out of the IRA then gets taxed as ordinary income. (You won't need to refer to your transaction forms at all.) See Pub 590. |
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