Quote:
Originally Posted by kingofbeer
Income from these accounts are not subject to tax. The withdrawals are subject to tax.
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I may not have been clear. What I said was that income that is "removed" from an IRA is taxed. If you have money in an IRA that was funded with after-tax money, it is not taxed when you remove it. You do not pay tax on IRA income until you remove it from the IRA.