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Wanda, a single taxpayer age 63, takes a $10,000 distribution from her traditional IRA to purchase furniture for her home. Over the years she has
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Wanda, a single taxpayer age 63, takes a $10,000 distribution from her traditional IRA to purchase furniture for her home. Over the years she has contributed $36,000 to the IRA which had a $50,000 balance at the time of the distribution. Determine how much of Wandas distribution is taxable.
$
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Same as part c., except the distribution is from a Roth IRA.
$
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