Question: Stephen, a 6 2 - year - old individual taxpayer, received a distribution from an individual retirement account ( IRS ) in the current year.

Stephen, a 62-year-old individual taxpayer, received a distribution from an individual retirement account (IRS) in the current year. The distribution consisted of both principal (contributions) and earnings.
What would need to be true about the IRA distribution for the earnings distributed in the current year to be nontaxable to Stephen.

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