Juanita, age 62, retired in 2019. During the year,she received distributions of $9,000 from her IRA. She
Question:
Juanita, age 62, retired in 2019. During the year,she received distributions of $9,000 from her IRA. She made nondeductible contributions of $20,000 to the IRA in prior years and has never received a nontaxable distribution. As of December 31, 2019, the value of her IRA was $150,000. Calculate the non-taxable portion of Juanita’s distribution.
a.$1,132
b.$7,800.
c.$7,868.
d.$9,000.
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Related Book For 
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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