Hollow up years old, what is the maximum amount Od to purchase a new home as a first time Question 55 of 75. If a taxpayer's pension or annuity includes contributions that were previously included in gross income, the taxpayer may generally do all of the following EXCEPT 1997. Assume that the tax-free part of the payment will remain the same each year, even if the amount of the payment changes. O Exclude the distributions from income, but only up to the amount of cost. Use the general rule to compute the tax-free part of their payments if they began receiving payments after November 18. Use the simplified method to compute the tax-free part of their payments if they began receiving payments after November 18, 1997. Mark for follow up Question 56 of 75. Joan made deductible contributions to withdraw $10,000 from one a JA