Pierre retired in 2020 at age 62. During the year he received distributions of $27.000 from his IRA. He made nondeductible contributions of $60,000 to the IRA in prior years and has never received a nontaxable distribution. As of December 31, 2020, the value of his IRA was $450,000. Calculate the taxable portion of Pierre's distribution Multiple Choice $3,396 $3,500 $23,400 $23 604 O