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Lisa, age 45, needed some cash so she withdrew $53,000 from her Roth IRA. At the time of the distribution, the balance in the Roth
Lisa, age 45, needed some cash so she withdrew $53,000 from her Roth IRA. At the time of the distribution, the balance in the Roth IRA was $200,000. Lisa established the Roth IRA 10 years ago. Over the years, she has contributed $20,600 to her account. What amount of the distribution is taxable and subject to early distribution penalty?
Multiple Choice
- $32,400.
- $53,000.
- $5,300.
- $0.
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