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:



                Danielle’s IRA distribution:                                                        $30,000
                Danielle’s previously nondeductible contributions:             $25,000
                Danielle’s account balance at withdrawal:                             $750,000              
                Rob’s Roth IRA distribution:                                                      $20,000
                Rob’s previously nondeductible contributions:                     $80,000
                Rob’s account balance at withdrawal:                                    $800,000

How much of Danielle and Rob’s retirement income is taxable?

a.

Danielle: $29,000; Rob: $0

b.

None of these

c.

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

d.

Danielle: $5,000; Rob: $0

e.

Danielle: $30,000; Rob: $0


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