Joan made deductible contributions to traditional retirement accounts for several years. In 2015, she decides to withdraw $10,000 from one of her accounts. Joan is 62 years old. How does this transaction affect her 2015 tax return?

Joan must report the entire amount of $10,000.

Joan does not have to report anything because she is over age 59 1/2.

Joan does not have to report any amount because the withdrawal was not from a Roth IRA.

Joan must report the distribution she received but can elect to use the 10-year option.