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Daniela retired at the age of 65. The current balance in her Roth IRA is $200,000. Daniela established the Roth IRA 10 years ago. Through a rollover and annual contributions Daniela has contributed $80,000 to her account. If Daniela receives a $50,000 distribution from the Roth IRA, what amount of the distribution is taxable?

Respuesta :

Answer:

The correct answer to the following question is $0.

Explanation:

A Roth IRA can be said as a kind of individual retirement plan ( which is a qualified retirement plan ), which accrues gain tax exempt but uses after tax dollars to provide fund. Here the contribution are not deductible, but an option of tax saver's credit , which can range from 10% to 50% of contribution , which depends upon the person's income and life situations. As of 2019 , any individual can make an annual contribution up to $6000, in to his or her Roth IRA.

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