Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $218,000. Over the years, Jessica had made $21,800 of nondeductible contributions and $69,000 of deductible contributions to the account. If Jessica receives a $68,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?

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10 of the distribution is not taxa... View the full answer