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I understand your thinking, but no, it won't work. When you take distributions everything is glommed together, regardless of what account you're drawing from. See the instructions for Part I of Form 8606.

Phil


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CRAP! Thanks Phil for your answer. It looks like I will never be able to get last dollar of after tax money our of my IRA until all IRAs are completed exhausted (excluding roths). With this in mind, I will probably die with after tax money still locked away.

I had an option earlier this year when I rolled my 401K to take the after tax money as a check to me and just roll the pretax money into the rollover IRA. If had it to do over again, I would have taken that after tax money. Is there any avenue to recharacterize that rollover since it was done in 2005?
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