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Please forgive me if you have answered this already, but If I understand it correctly: if I hold back a portion of my IRA to pay the taxes on the Roth rollover
conversion, I would be penalized 10% of the IRA funds taken out (plus the regular taxes due on
deductible IRA money, or, I would be penalized 20% of the Roth funds taken out (20% of ALL
funds taken out, but only pay taxes on the "earnings" since rollover)?
Also, do I have the ability to spread the taxes out over four years, regardless of whether IRA or
Roth funds are used to pay the taxes and penalties?
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