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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Where to hold GNMA fund Date: 12/16/2006 3:41 PM
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"but a traditional IRA can have basis, in which case only a portion of the withdrawal may be taxable."

Correct. But the taxable portion will be taxed as ordinary income.

I can't figure any way the basis could ever be 100%, unless the investments in the IRA had generated nothing...or figuring in capital losses, there had been no return over the years and the IRA had been funded with after-tax income.

Putting all the after-tax money into the same IRA doesn't solve anything either, as required withdrawals are calculated based on ALL your IRAs...

Best wishes, Chris
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