Lisa, 45, needed some cash, so she withdrew $50,000 from her Roth IRA. At the time of
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Lisa, 45, needed some cash, so she withdrew $50,000 from her Roth IRA. At the time of the distribution, the balance in the Roth IRA account was $200,000. Lisa established the Roth IRA account 10 years ago. Over the years, she has contributed $30,000 to her account.
How much of the distribution is taxable and subject to an early distribution penalty?
Expert Answer:
In general qualified distributions from a Roth IRA are taxfree and not subject to an early distribu... View the full answer
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