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Financial Planning / Tax Strategies


Subject:  Re: Calculating an IRA withdrawal Date:  6/24/2001  11:19 PM
Author:  SirTas Number:  52058 of 127549

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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