Withdrawals from a Roth IRA are: a. Subject to the required minimum distribution rules. b. Taxable if
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Withdrawals from a Roth IRA are:
a. Subject to the required minimum distribution rules.
b. Taxable if made after the five-tax-year period beginning with the first tax year in which a Roth contribution was made.
c. Deemed to come first from contributions and then from earnings.
d. Not taxable to the extent they exceed contributions, if the five-year holding period requirement is not met.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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