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<I have a Rollover IRA (from a company 401K plan). It is primarily invested in stocks. When I withdraw from this account, how do I determine the tax due for the portion withdrawn?

Since many stocks and funds have been sold over the years within the IRA, how can I determine a cost basis for the amount withdrawn?>

You don't deal with cost basis in an IRA. All distributions are taxes as ordinary income at your marginal rate. If you are less than 59.5 years old and have not met any of the special rules, you will be hit with a 10% penalty for early withdrawals. If you have more specific questions the tax strategies board can be very helpful.

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