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Review the following scenario. Use the information provided to answer questions about the taxpayer's 2021 return. Evonne Williams (32) is filing as a single taxpayer.
Review the following scenario. Use the information provided to answer questions about the taxpayer's 2021 return. Evonne Williams (32) is filing as a single taxpayer. Evonne was the beneficiary of one of her great-grandmother's traditional IRAs. She passed away during the year, and Evonne took a $2,000 total distribution from the account. She then used the money to pay down her credit card debt. As far as she knows, all of her great-grandmother's contributions to the account were deductible. Evonne's only other income during the year was $44,000 in wages. She will claim the standard deduction. Question 12 of 50. The Form 1099-R Evonne received is shown in the image below. The form shows a code "4" in box 7 , indicating that the distribution is due to death. What amount, if any, will Evonne need to pay as an additional tax on early distributions? so $100 Review the following scenario. Use the information provided to answer questions about the taxpayer's 2021 return. Evonne Williams (32) is filing as a single taxpayer. Evonne was the beneficiary of one of her great-grandmother's traditional IRAs. She passed away during the year, and Evonne took a $2,000 total distribution from the account. She then used the money to pay down her credit card debt. As far as she knows, all of her great-grandmother's contributions to the account were deductible. Evonne's only other income during the year was $44,000 in wages. She will claim the standard deduction. Question 12 of 50. The Form 1099-R Evonne received is shown in the image below. The form shows a code "4" in box 7 , indicating that the distribution is due to death. What amount, if any, will Evonne need to pay as an additional tax on early distributions? so $100
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