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To: kjam22
There is no tax when you sell inside this IRA but every dollar you take out is taxed as regular income.

True if the rollover contains all pre-tax (401K) or deductible contributions. Not true as a blanket statement for all traditional IRAs. If you have a basis in a traditional IRA (contributions that you didn't get a deduction for) the basis will proportionally reduce the amount of dollars taxed on withdrawal.

22 posted on 12/07/2020 9:19:35 AM PST by damper99
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To: damper99

If you rolled after tax dollars into an IRA with pre tax dollars too.... you screwed up. Why would you?


23 posted on 12/07/2020 9:21:32 AM PST by kjam22 ( )
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