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Question $25$ of $30.$

Which taxpayer is required to use the general rule for calculating the taxable amount of their retirement distribution?

Each individual received a payment in $2023,$ with the first payment received in $2021.$

$$ Betz $(76)$ received her required minimum distribution from her traditional IRA. She made nondeductible contributions to the IRA several years ago.

Elizabeth $(70),$ a retired teacher, received a distribution from a $403($b$)$ plan.

George $(69)$ received a distribution from his former employer's $401($k$)$ plan.

William $(72)$ received a distribution from a nonqualified annuity plan that he had purchased through a life insurance company.

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