Question
Lisa, age 47, needed some cash so she withdrew $58,500 from her Roth IRA. At the time of the distribution, the balance in the Roth
Lisa, age 47, needed some cash so she withdrew $58,500 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 $21,700 to her account. What amount of the distribution is taxable and subject to early distribution penalty?
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Accounting And Financial Management For Residential Construction
Authors: Emma Shinn
5th Edition
0867186356, 978-0867186352
