Question: Corrine, a 6 3 - year - old widow, withdrew $ 5 , 0 0 0 from her traditional IRA in 2 0 2 3

Corrine, a

63 -

year

-

old widow, withdrew $

5, 000

from her traditional IRA in

2023 .

She made a $

1, 000

nondeductible contribution in

2004,

which represents her total basis in all her traditional IRAs at the end of the year. Corrine had not contributed to any retirement account in several years. The total value of all her traditional IRAs was $

95, 000

as of December

31, 2023 .

She has never converted funds from a Roth or any other IRA.

What would be the taxable amount of Corrine's IRA distribution?

1, 000

3, 000

4, 950

5, 000

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