Malcolm $(63)$ made fully deductible contributions to traditional retirement accounts for several years. In $2022,$ he decided to withdraw $$25,000$ from one of his accounts. How does this transaction affect his $2022$ tax return?

a$)$The full $$25,000$ distribution is taxable income, but it is not subject to the early distribution penalty.

b$)$Malcolm does not have to report any taxable income from the distribution because he is over age $59(1)/(2).$

c$)$Malcolm does not have to report any amount because the withdrawal was not more than his deductible contributions.

D$)$Malcolm may use the simplified method to determine the taxable amount of his distribution.