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Joe, you wrote in part:

In simple terms your IRA's are worth $20,000 and your non deductible contributions are $2000 (10%) so you pay taxes on 90% of your distributions.

In this calculation all IRA's are added together and treated as 1 IRA. it doesn't matter which IRA you actually take the distributions from.

By jove, I think you've got it! :-) Great reply. Thanks.

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