Question $30$ of $30.$

Geoffrey, a retired single taxpayer, began recelving a monthly pension from his former employer's qualified plan in January $2023.$ He was age $66$ when he received the first payment, and the pension will pay over the course of his life.

He received a Form $1099-$R for the tax year showing a gross distribution of $$8,000in$ box $1.$ Box $2$ a $,$ which provides information about the taxable amount, is blank, and box $2$ b indicates that the taxable amount was not determined. Box $7$ shows a distribution code $7,$ and box $9b$ reports total employee contributions of $$20,000.$

How much of Geoffrey's distribution is taxable?

$0\%($His distribution is not subject to taxation.$)$

$$6,857$

$$8,000$

$$20,000$