Kendra Thompson, age $77,$ made a qualified charitable distribution of $$60,000$ from one of her traditional IRAs directly to the Hope Foundation, a public charity she supports. The IRA was funded entirely with tax$-$ deductible contributions and earnings. How will the distribution and associated charitable contribution be reported on Kendra's income tax return this year?

I. The $$60,000$ distribution consisted of pretax contributions and is included in Kendra's taxable income this year.

II$.$ The $$60,000$ distribution consisted of pretax contributions and is not included in Kendra's taxable income this year.

Kendra may take a charitable contribution deduction for $$60,000,$ subject to the type of charity and adjusted gross income $($AGI$)$ limitations$.$

IV$.$ Kendra will not get a corresponding $$60,000$ charitable deduction on his income tax return even if it would be within the applicable limits$.$