LO.4 Monica, age 51, has a traditional deductible IRA with an account balance of $102,000. Of this
Question:
LO.4 Monica, age 51, has a traditional deductible IRA with an account balance of
$102,000. Of this amount, $72,000 represents contributions, and $30,000 represents earnings. In 2010, she converts her IRA into a Roth IRA. What amount must Monica include in her gross income in 2010?
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Related Book For 
South Western Federal Taxation 2011 Taxation Of Business Entities
ISBN: 9780538498616
14th Edition
Authors: James E. Smith, William A. Raabe, David M. Maloney
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