Eddie inherited an individual retirement account worth $225,000 in 2020. Under the Secure Act that was...

  

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Eddie inherited an individual retirement account worth $225,000 in 2020. Under the Secure Act that was passed in 2019, Eddie will need to withdraw the entire balance within 10 years of this inheritance. How much is Edd0le's basis in the account? How much income does Eddie recognize if he withdraws the entire $300,000 balance in 20307 Eddie inherited an individual retirement account worth $225,000 in 2020. Under the Secure Act that was passed in 2019, Eddie will need to withdraw the entire balance within 10 years of this inheritance. How much is Edd0le's basis in the account? How much income does Eddie recognize if he withdraws the entire $300,000 balance in 20307

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