Question: Mark has a Roth IRA which he opened 2 0 years ago. His Roth IRA has a $ 2 5 0 , 0 0 0

Mark has a Roth IRA which he opened

20

years ago. His Roth IRA has a $

250, 000

balance, of which $

75, 000

is cumulative after

-

tax contributions. Mark has never made any Roth IRA withdrawals and has no other Roth IRAs. Assume that Mark is not disabled and does not use the proceeds for buying his first home. How much would be included in Mark

s gross income if Mark withdrew $

80, 000

from his Roth IRA in

2024 ?

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