Jenny has an IRA AT $100,000 of which $50,000 consists of after tax contributions. here the ratio
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Question:
Jenny has an IRA AT $100,000 of which $50,000 consists of after tax contributions. here the ratio of non-qualified contributions to the total IRA Value is 50%. If Jenny takes out $20.000 from her IRA, how much of the withdrawal will be treated as a nontaxable return of basis under the discretionary withdrawal method.
Expert Answer:
To determine how much of the withdrawal will be treated as a nontaxable return of basis under the di... View the full answer
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