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Thanks for the reply. I understood most of your answer. However, I still didn't understand the last paragraph aabout the 4 year spread of taxes due. I thought that the 4 year spread applied to the income to be reported as an addition to AGI each year, as well as the tax due on that incremental increase to AGI. Your reply also says that "you pay tax on the amount you didn't roll over all in one year". That sounds like you would be paying tax on money NOT taken out of an IRA, which doesn't make sense. Please clarify. Thanks.
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