Business, 03.06.2020 01:58, AriqRidwan6838

Caden is 62 years old and has a traditional IRA with a balance of $220,000. Of that amount, $66,000 is from nondeductible contributions made while Caden was working. Earnings on the nondeductible contributions equal $20,600. If Caden withdraws $15,000 from his IRA this year, $ will NOT be subject to taxation.

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Caden is 62 years old and has a traditional IRA with a balance of $220,000. Of that amount, $66,000...