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 |
DATE
Question answered on Jul 22, 2018
PRICE: $20
Solution~000447668.zip (18.37 KB)