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Question 52 of 75. In 2017, Dan converted 86,350 from his traditional IRA to s Roth IRA In 2020, when the value of the Roth
Question 52 of 75. In 2017, Dan converted 86,350 from his traditional IRA to s Roth IRA In 2020, when the value of the Roth IRA had grown to 7.175 Dan, then age 61, withdrew the entire balance. What is the tax treatment of this distribution? None of the distribution is included in income, but there is a 10% tax penalty on the entire distribution Only the 5825 in earnings is included in income, but there is no penalty on the earnings distribution Only the $825 in earnings is included in income and there is a 10% penalty on the earnings distribution The distribution is not included in income and there is no penalty Mark for follow up Question 52 of 75. In 2017, Dan converted 86,350 from his traditional IRA to s Roth IRA In 2020, when the value of the Roth IRA had grown to 7.175 Dan, then age 61, withdrew the entire balance. What is the tax treatment of this distribution? None of the distribution is included in income, but there is a 10% tax penalty on the entire distribution Only the 5825 in earnings is included in income, but there is no penalty on the earnings distribution Only the $825 in earnings is included in income and there is a 10% penalty on the earnings distribution The distribution is not included in income and there is no penalty Mark for follow up
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