Question: Jennifer, age 6 1 , withdrew $ 1 2 , 0 0 0 from a traditional IRA this year. The balance in the account at

Jennifer, age 61, withdrew $12,000 from a traditional IRA this year. The balance in the account at year-end was $183,700, which included $40,000 of nondeductible contributions. Compute the taxable portion of the $12,000 withdrawal.
Multiple Choice
$0
$2,453
$12,000
None of these choices are correct

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