Juanita, age 62, retired in 2017. During the year,she received distributions of $9,000 from her IRA. She
Question:
Juanita, age 62, retired in 2017. During the year,she received distributions of $9,000 from her IRA. She made nondeductible contributions of $20,000 to the IRA in prior years and has never received a nontaxable distribution. As of December 31, 2017, the value of her IRA was $150,000. Calculate the taxable portion of Juanita’s distribution.
a. $1,132
b. $7,800.
c. $7,868.
d. $9,000.
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Related Book For 
Fundamentals Of Taxation 2018
ISBN: 9781259713736
11th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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