$5$

Lisa, age $45,$ needed some cash so she withdrew $$50,000$ from her Roth IRA. At the time of the distribution, the balance in the Roth IRA was $$200,000.$ Lisa established the Roth IRA eight years ago. Through a conversion and annual contributions, she has contributed $$80,000$ to her account. What amount of the distribution is taxable and subject to early distribution penalty?

Multiple Choice

$$30,000$

$$20,000$

$$0$

$$50,000$