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Calculate the taxable portion of max distribution

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Reference no: EM131815165

Question - Max retired in 2011 at age 62. During the year he received distributions of 9,000 from his IRA in prior year and has never received a nontaxable distribution as of December 31, 2011 the value of his IRA was 150,000 calculate the taxable portion of max's distribution.

a-0

b-1,132

c-7,868

d-9,000

Reference no: EM131815165

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