What is the tax result for martha

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Reference no: EM131300421

During the period Years 1 through 3, Martha made direct contributions to her Roth IRA totaling $10,000. By the end of year 7, the IRA balance, including earnings, had grown to $30,000. At the begining of year 8, before Martha turned 59 and 1/2, she withdrew $25,000 from her Roth IRA to buy a new car. What is the tax result for Martha?

Reference no: EM131300421

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