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Business, 02.12.2021 22:50 544620

Char (61) took a $6,000 distribution from her Roth IRA. Twenty percent, or $1,200, is a distribution of earnings on her contributions. The remaining $4,800 is a distribution of her basis. Char established the account more than 20 years ago, when Roth IRAs first became available. How much of her distribution is taxable

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Char (61) took a $6,000 distribution from her Roth IRA. Twenty percent, or $1,200, is a distribution...

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