question 39

the question is -

Tyler, a 45 years single, contributed $35000 to a commercial annuity in 2016. the annuity is a nonqualified plan. in 2020, before annuity start day, Tyler took a nonperidoc distribution of $8000 and paid off his credit cards. the value of the annuity at the time of distribution was $40000. how much of the distribution is taxable?

-4905-66 RusKniga.com - St.P... | Apps G facebook login - G... Astrology Astrolog... $8,000 O $11,000 Mark for follow up Question 39 of 75. Tyler, a 45-year-old single taxpayer, contributed $35,000 to a commercial annuity in 2016. The annu took a nonperiodic distribution of $8000 and used the money to pay off his credit card debt. If the much of the distribution is taxable? $0 $3,000 $5,000 $8,000 Mark for follow up Question 40 of 75. Paul's home was destroyed in Hurricane Florence and he qualified for a disaster distribution. He wir in his gross income on his 2018 tax return. In 2020, Paul was able to deposit $70,000 in his IRA. Wha The deposit reduces his 2018 distribution. He will file a revised Form 8915-C and an amended return to The deposit will be treated as a fully-deductible IRA contribution on his 2020 tax return ROL