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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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