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How much of the distribution will be taxable to Mindy

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Problem - Mindy has a Roth IRA held longer than 5 years to which she has contributed $30,000. The IRA has a current value of $62,000. Mindy is 55 years old and she takes a distribution of $38,000 after retiring on disability. How much of the distribution will be taxable to Mindy?

a. $0

b. $8,000

c. $30,000

d. $38,000

e. Some other amount

Reference no: EM132704204

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