Jamie is 42 years old and received a 20000 distribution, Ask an Expert

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Jamie is 42 years old and received a $20,000 distribution from his Roth IRA, established in 2009. At the time of the distribution, the Roth IRA account totaled $33,748: $18,000 regular contributions, $10,000 taxable conversion contributions made in 2014, and $5,748 earnings. How much of his distribution is taxable and subject to the early distribution penalty?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92680099

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