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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25318  
Subject: Re: after-tax contributions Date: 7/29/2010 12:07 PM
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Take a look at Form 8606 available from the irs.gov website. It will answer most of your questions (for an IRA).

A portion of any distribution from the account is taken as a return of your after tax contribution. A portion is taxable income.

The form is filed every year and keeps track of the after tax portion of your IRA, so the taxable component can be recalculated each year you take a distribution.
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