Which of the following statements is not a correct statement? a. The earnings from traditional IRAs are

Question:

Which of the following statements is not a correct statement?

a. The earnings from traditional IRAs are not taxed when earned, but are eventually taxed.

b. None of the amounts withdrawn from a traditional IRA funded entirely with nondeductible contributions are taxable.

c. Traditional IRAs are funded entirely by the taxpayer.

d. Only taxpayers with earned income can contribute to a traditional IRA.

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