Solution-Calculate the taxable portion of juanitas

Calculate the taxable portion of juanitas distribution

Reference no: EM132314925

Question

Juanita, age 62, retired in 2018. During the year, she received distributions of $9000 from her IRA. She made nondeductible contributions of $20,000 to the IRA in prior years and has never received a nontaxable distribution. As of December 31, 2018, the value of her IRA was $150,000. Calculate the taxable portion of Juanita's distribution.

Reference no: EM132314925

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Calculate the taxable portion of juanitas distribution : uanita, age 62, retired in 2018. During the year, she received distributions of $9000 from her IRA. She made nondeductible contributions of $20,000 to the IRA.

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Calculate the taxable portion of juanitas distribution

Reference no: EM132314925

Reference no: EM132314925

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