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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Re: Roth IRA withdrawl Date: 5/15/2000 12:46 PM
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<< Regarding early withdrawal of converted money from a Roth IRA, you would be subject to the 10% tax penalty even though you have already paid the tax on the converted money. >>

This is incorrect. Since conversions have already been taxed, withdrawal of them does not constitute a taxable distribution. The penalty is calculated only on the taxable portion.

TMF ExRO
Phil Marti
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