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Lisa, age 45, needed some cash so she withdrew $50,000 from her Roth IRA. At the time the distribution, the balance in the Roth IRA
Lisa, age 45, needed some cash so she withdrew $50,000 from her Roth IRA. At the time the distribution, the balance in the Roth IRA was $200.000Lisa established the Roth IRA eight years ago. Through a conversion and annual contributions, she has contributed $20,000 to er account. What amount of the distribution is taxable and subject to early distribution penalty?
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
3rd Edition
0136946690, 978-0136946694
