Laurie age 50 takes $12000 from her traditional IRA she uses it to pay her nondependent grandson

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Laurie age 50 takes $12000 from her traditional IRA she uses it to pay her nondependent grandson qualified education expenses at qualified educational institution How much of Laurie's distribution is subject to the 10 additional tax:

A. $0 or

B. $2000 or

C. $10000 or

D. $12000

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0133856439

7th edition

Authors: Arthur J. Keown

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Posted Date: Oct 18, 2020 01:30 AM

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Laurie age 50 takes $12000 from her traditional IRA she uses it to pay her nondependent grandson

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Expert Answer:

Option A is correct As per the tax laws dis... View the full answer

Personal Finance Turning Money into Wealth

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