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Randy (48) takes a $22,000 distribution from his IRA to pay some of his daughter's $28,000 qualified education expenses at an eligible educational institution. His
Randy (48) takes a $22,000 distribution from his IRA to pay some of his daughter's $28,000 qualified education expenses at an eligible educational institution. His daughter paid $18,000 of her expenses with a tax-free scholarship. How much of Randy's IRA distribution is subject to the 10% tax on early distributions? $0 $10,000 $12,000 $22,000
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