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Business, 21.01.2020 05:31 Jasten

Todd has made total contributions of $75,000 to his traditional ira of which $15,000 were nondeductible contributions. todd is 60 and is considering taking a $20,000 distribution from his ira, which currently has a fair market value of $175,000. this will be the only distribution from his ira this year. how much of the distribution will be taxable to todd?
a. $0
b. $4,000
c. $16,000
d. $20,000

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