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Lisa, age 46, needed some cash so she withdrew $56,500 from her Roth IRA. At the time of the distribution, the balance in the
Lisa, age 46, needed some cash so she withdrew $56,500 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 $21,300 to her account. What amount of the distribution is taxable and subject to early distribution penalty (if any)? 12 Multiple Choice $35,200 $5,650 SO $56,500
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