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You don't receive your basis back immediately.
For example, if your withdrawal was 4% of the total value of all your traditional IRAs (as of end of previous year), then you got back 4% of your basis. The basis returned (not taxable) is spread out over the entire amount of the IRA. Only way to get back 100% of basis is to withdraw 100% of your traditional IRAs. For this computation, all your traditional IRA accounts is considered one personal IRA.
You don't receive your basis back immediately.
For example, if your withdrawal was 4% of the total value of all your traditional IRAs (as of end of previous year), then you got back 4% of your basis. The basis returned (not taxable) is spread out over the entire amount of the IRA. Only way to get back 100% of basis is to withdraw 100% of your traditional IRAs. For this computation, all your traditional IRA accounts is considered one personal IRA.
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