No. of Recommendations: 0
Author: TMFPixy Date: 12/9/00 11:10 AM Number: 26511
If you have a gain in the account, then you will pay both ordinary income taxes and the early withdrawal excise tax of 10% on that gain. Your original after-tax contributions will not be taxed or penalized.

Thanks Pixy,

I was sure that the after tax money used to fund this account wouldn't be taxed, but I wasn't sure about any penalty on this money.

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