Question
Carol, 46, made an excess IRA contribution of $2,000, which she withdrew by the due date of her return. She also withdrew $100 income earned
Carol, 46, made an excess IRA contribution of $2,000, which she withdrew by the due date of her return. She also withdrew $100 income earned on the $2,000. Does she have to pay 10% additional tax on the early distributions? Yes No
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No Carol does not have to pay the 10 additional t...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
