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Roy,

Yes, you did answer my questions. I do recognize the difference between qualified and non-qualified distributions. And I understand that you must get your contributions back tax-free whether or not the distribution is qualifying or non-qualifying. This makes sense since these contributions were made on an after-tax basis. I read IRC sec. 408A and nowhere did I find that you can aggregate all of your Roth IRA's. May I ask you where your authority came from? (No disrespect intended!)

Also, why aren't rollover IRA's included in this. It seems that the same rationale would control. Since, in order to rollover a regular IRA to a Roth IRA, you have to pay taxes on the income, it follows that you can take out these "contributions" within the 5-year period tax-free. You seem to indicate that this is NOT the case. Why?

Andrew

P.S. Who thinks up this stuff?
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