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Miles separated from service with a $10,000 outstanding balance in an employer plan loan. He received a total distribution of $30,000 without regard to the
Miles separated from service with a $10,000 outstanding balance in an employer plan loan. He received a total distribution of $30,000 without regard to the loan. The check he received was for $14,000. Mandatory withholding was $6,000. How much of the distribution is taxable?
$10,000.00
$14,000.00
$20,000.00
$30,000.00
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