John retired at age 65. He immediately began taking distributions from his Roth IRA. In total, he
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John retired at age 65. He immediately began taking distributions from his Roth IRA. In total, he withdrew $45,000 this year. The balance in the account at the beginning of the year was $275,000. The balance in the account at the end of the year was $240,000. How much of John's current year distributions from the Roth IRA must be included in his taxable income?
Related Book For
Fundamentals Of Taxation 2016
ISBN: 9781259812774
9th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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