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All of the following statutory requirements apply to traditional IRAs EXCEPT A) compensation, for purposes of making an IRA contribution, includes earned income and taxable
All of the following statutory requirements apply to traditional IRAs EXCEPT
A) compensation, for purposes of making an IRA contribution, includes earned income and taxable alimony.
B) the IRA must be established as a custodial account or a trust set up in the United States.
C) traditional IRAs are not required to start required minimum distributions while the owner is still alive.
D) contributions must be made in cash.
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