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Maybelle is single, age 35, and wants to make a contribution to an IRA for the year ended December 31,2018 She is an active participant

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Maybelle is single, age 35, and wants to make a contribution to an IRA for the year ended December 31,2018 She is an active participant in a qualified retirement plan sponsored by her employer Her AGl for 2018 is $126,000 betore considering any IRA contnbution What type of IRA is Maybelle eligible to make a contribution to IRA for 2018 ? Assume Maybelie has a traditional deductible IRA that has a balance of $50,000. She has been able to deduct all of her contributions to the IRA in prior years. Her financial advisor has recommended that she rollover the funds from her traditional IRA to a Roth IRA in 2018 1. Is she eligible? 2. What is the impact on her income 3. Is this a Taxable or Non-Taxable Transaction Select the Answer(s) you believe apply Select one or more a. Non-Taxable Transaction b. This isnot possible c. Not eligible to rollover her traditional IRA to a Roth IRA d. Eligible to rollover her traditional IRA to a Roth IRA e Taxable Transaction f. Must include the entire rollover amount in her gross income in the year of the rollover g. Must include the entire rollover amount in her gross income in the year of the rollover

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