Mindy has a Roth IRA held longer than 5 years to which she has contributed $30,000. The
Question:
Mindy has a Roth IRA held longer than 5 years to which she has contributed $30,000. The IRA has a current value of $62,000. Mindy is 55 years old and she takes a distribution of $38,000 after retiring on disability. How much of the distribution will be taxable to Mindy?
a. $0
b. $8,000
c. $30,000
d. $38,000
e. Some other amount
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In your scenario Mindy has a Roth IRA held longer than 5 years which means she has met the qualifica...View the full answer
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Related Book For 
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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