Oscar has a $150,000 IRA with Red Investments. For personal reasons, he decides to move his funds to Blue Investments. He requests that his funds be distributed to him on August 15, 2019

a. What amount will Oscar receive from Red Investment?

b. What is the last day Oscar can deposit the funds from Red Investments and avoid taxation in the current year?

c. If the funds were distributed from a qualified retirement plan (not an IRA), how much would Oscar receive?

d. Assuming Oscar reinvests $125,000 of the IRA funds into Blue Investments within the 60 day period, what income and/or penalties related to the failure to rollover the entire IRA must he show on his tax return?