(Solution Document) Marsh retired at age 64. He began receiving distributions from his IRA this year


Mr. Marsh retired at age 64.  He began receiving distributions from his IRA this year. 

His total distributions were $20,000 this year. The balance in his individual retirement account at the end of the year was $230,000, $30,000 of which was from non-deductible contributions he had made in years before Roth IRAs were available.

What portion of the $20,000 distribution is taxable in 2014?

        $20,000     
$18,667      


$17,600      


$0   


$20,000

$18,667

$17,600

$0

 







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