Question: Danielle & Rob are both 65 years old, married, and file a joint return. In 2020, they have MAGI of $210,000. They provide you with

Danielle & Rob are both 65 years old, married, and file a joint return. In 2020, they have MAGI of $210,000. They provide you with the following info: Danielles IRA distribution: $30,000 Danielles previously nondeductible contributions: $25,000 Danielles account balance at withdrawal: $750,000 Robs Roth IRA distribution: $20,000 Robs previously nondeductible contributions: $80,000 Robs account balance at withdrawal: $800,000 How much of Danielle and Robs retirement income is taxable?

a.

None of these

b.

Danielle: $30,000; Rob: $0

c.

Danielle: $5,000; Rob: $0

d.

Danielle: $29,000; Rob: $18,000

e.

Danielle: $29,000; Rob: $0

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