Colette uses the Simplified Method to determine the taxable amount of her pension. Which of the following statements is TRUE? At any time, Colette may switch to the General Rule to determine the taxable amount of her distribution. The tax-free part of the payment will remain the same each year, even if the amount of the distribution changes. The tax-free portion of Colette's distribution is determined using the account fair market value (FMV) as of December 31 of the previous tax year. The tax-free portion of Colette's distribution is determined using her age and the age of any survivor beneficiary as of December 31 of the tax year, without regard to the pension starting date